Legal Question in Real Estate Law in New York
Removing a name from a mortgate
I am the principal mortgage holder on a mortgage re-financed this year. The house was originally purchased several years ago by my same-sex partner and we re-fi'd this year with me as the primary holder. We are separating and she does not want to sell the house. What options do I have to remove my name from the mortgage? Thank you.
Asked on 8/17/08, 7:49 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Removing a name from a mortgate
You would have to refinance the house and deed the house to your ex-partner in consideration of receipt of a percentage of the equity while joint owners.
Mike.
Answered on 8/17/08, 9:07 am