Discard Name Deed For Free

Yes, you can refinance a home if your name is on the deed but not on the mortgage. However, it could be more complex than a typical refinance. Here's why it's harder to refinance when your name is not on the mortgage: Deed Ownership: Being on the deed means you legally own the property or a share of it.

Yes, you can put your spouse on the title without putting them on the mortgage. This would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.

Put simply, lenders won't care who and how many people chip in to pay back a mortgage loan, as long as someone does. The only thing they will state is that both parties are liable for repaying the debt. A joint mortgage paid by one person is more common than you may think.

Once the new deed is created, signed and notarized, it should be recorded at the Registry of Deeds. The filing fee for a deed is $155. The person whose name you want to remove must sign a new deed that conveys their interest in the property to someone else (you, most likely).

Removing someone from the mortgage doesn't automatically strip them of ownership rights. The only way to transfer ownership of real estate ? which is legally distinct from liability for the mortgage debt ? is through a deed. In order to give up their rights, your co-borrower will likely have to file a quitclaim deed.

Since the surviving spouse inherited the house from your spouse, you may be eligible to assume the mortgage under federal law. Alternatively, you may be able to refinance the mortgage. Another possible option is to take out a reverse mortgage to pay off the existing mortgage.

It is generally okay to have two names on title and one on the mortgage. If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments.

$100 Service for Name Removal from Deed in Divorce This service is available any time during the divorce proceeding. The steps to complete this simple $100 name removal process are: Send us a clear copy of the present deed as recorded (do not send the original)

It usually takes four to six weeks to complete the legal processes involved in the transfer of title.

How do I change, add or delete a name on a deed? This can only be done by recording a new deed showing the change. Many people think they can come to our office and change the present deed on record. However, once a document or deed is recorded, it cannot be altered or changed in any way.