Legal Question in Real Estate Law in Washington

Re: Removing name from Real Estate

There are only three ways to remove your name from a home loan. First, the house is sold and the loan is paid off. Second, the loan is refinanced in your ex-spuse's name only without your participation in th ematter except for releasing your interest at closing. Third, and this is the most difficult method, you must submit a written request for removal of your name from the note. Banks or lenders are extremely reluctant to do this unless there is another co-signer to take your place or the remaining debtor, i.e., your ex-spouse, is very strong financially. These are your only three options unless you can get your ex-spouse to sign the house back over to you and you coul dsell it if there is enough equity in the house to support a sale and the two of you could divide the profits. This is a variation of option number one. Good Luck!