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How do you get your name removed from a mortgage that you cosigned?
Wiki User
∙ 11y ago
The person must refinance the loan in their own name without you. It isthe only way. The lender made the loan based on the fact that you agreed to be responsible for the debt if the other person doesn;t keep their end ofthe bargain. That was the way the loan was underwritten and the way the risk was evaluated. Taking you off changes the risk level of the loan and it must be re-underwritten according to current guidelines.
Wiki User
∙ 11y ago
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How do you get your name removed from the church mortgage loan?
Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.
If you have signed a quit claim deed as the grantor is there any way to force the grantee to refinance the mortgage loan to remove your name from the monitary obligation?
Unfortunately, if you've signed your rights away you are only removed from title and are still obligated to the mortgage. The only way to get out of the mortgage is for the person holding title to refi and have your name removed from the mortgage.
What do i do when a mortgage account is showing up on my online banking when i only cosigned i have BOA and the loan is with a carrier through BOA I'm not the primary can escrow fix this?
You cosigned the mortgage. If the are now taking the money out of your account to pay the mortgage, it means the other people are no longer paying their mortgage. First: You should contact the other people and see if they actually are skipping payments. If they are skipping payments, then since you cosigned the mortgage the bank will take the money from your account to pay the mortgage. Second: If they are paying the mortgage, you should contact the bank and find out what is wrong. Third: No. Escrow will not fix this. Escrow serves a totally different purpose. It is a way to spread out the taxes over a year's time. 1/12 of the years taxes and insurance are put into an account.
Can I remove my ex-wife's name from my mortgage deed and loan through a loan modification?
No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.
How can I have my daughter's name removed from a mortgage?
The lender owns the mortgage and a lender will not generally remove any name from the obligation to pay. The only way for you to get your daughter's name off the debt is to pay the loan off and refinance in your own name.
How do you get your name removed from the church mortgage loan?
Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.
If you have signed a quit claim deed as the grantor is there any way to force the grantee to refinance the mortgage loan to remove your name from the monitary obligation?
Unfortunately, if you've signed your rights away you are only removed from title and are still obligated to the mortgage. The only way to get out of the mortgage is for the person holding title to refi and have your name removed from the mortgage.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
What do i do when a mortgage account is showing up on my online banking when i only cosigned i have BOA and the loan is with a carrier through BOA I'm not the primary can escrow fix this?
You cosigned the mortgage. If the are now taking the money out of your account to pay the mortgage, it means the other people are no longer paying their mortgage. First: You should contact the other people and see if they actually are skipping payments. If they are skipping payments, then since you cosigned the mortgage the bank will take the money from your account to pay the mortgage. Second: If they are paying the mortgage, you should contact the bank and find out what is wrong. Third: No. Escrow will not fix this. Escrow serves a totally different purpose. It is a way to spread out the taxes over a year's time. 1/12 of the years taxes and insurance are put into an account.
Can I remove my ex-wife's name from my mortgage deed and loan through a loan modification?
No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.
How can a cosigner be completely removed from a mortgage?
The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.The mortgage must be paid off and refinanced in a single borrower's name if necessary.
How can I have my daughter's name removed from a mortgage?
The lender owns the mortgage and a lender will not generally remove any name from the obligation to pay. The only way for you to get your daughter's name off the debt is to pay the loan off and refinance in your own name.
My husband cosigned for my 2nd mortgage and he is not on the first mortgage. if we have the same lender for both mortgages and we quit paying on the first mortgage how fast will his credit be impacted?
Since he is not listed as a borrower on the first mortgage his credit is not affected by paying or not paying that mortgage. Even if both loans are with the same company, he is only held responsible for the loan in which he signed.
What is the remedy if both the person and car you cosigned for an auto loan are missing?
File for missing person. If your name is also on title then file for theft, if not then that cannot be helped. You can apply with the bank that your name be removed from the loan which most likely will cause you to pay a certain amount or you wont even be able to have it removed.
WI - husband owned house before you married you cosigned loan to refinance but your name is not on the mortgage or deed What happens if he dies He also has 2 adult children Do you lose ownershi?
Usually in these, cases ownership will go to the surviving spouse.
I cosigned a mortgage for another person but I am not on the deed. What are my rights?
Actually, you have no rights. All you have is an obligation to pay the mortgage if the primary borrower doesn't pay. If you co-signed a mortgage for property that is owned by another person you have offered to pay the mortgage even though you have no rights or interest in the property. If the borrower defaults the bank will go after you for payments just as you promised when you signed the mortgage. If the mortgage is foreclosed it will be reported on your credit record.
Can a parent who has cosigned on an apartment lease with her son but does not live there have her name removed from the lease?
Yes, its just a matter of that person requesting to be removed as the co-signer. They might put that child in jeopardy of staying in that facility without a co-signer, but it doesn't hurt to ask. Wanda Improve Credit, LLC
