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You may not be able to. If you were a co-signer on the loan you are jointly responsible for the debt. Prior to the foreclosure it may have been possible to refinance the debt into just her name if she qualified, but now the collateral is gone and the loan is probably in collections. The lender needs every liable party they can get, they will not remove you.
The only feasible way to get this particular debt out of your name would be to pay it off with funds not in your name. For example; if another family member were to loan your daughter the money to satisfy or settle the 2nd mortgage and have her repay the family member herself, you would no longer have legal liability for the debt.
What else can I help you with?
What is the cost of an appraisal to remove PMI from my mortgage?
The cost of an appraisal to remove PMI from your mortgage typically ranges from 300 to 500.
When can I remove PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and the increase in your home's value.
When can I remove my PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
When can you remove PMI from your mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
Can you get an appraisal to remove PMI from your mortgage?
Yes, you can get an appraisal to remove Private Mortgage Insurance (PMI) from your mortgage if your home's value has increased enough to meet the lender's requirements for PMI removal.
What is the cost of an appraisal to remove PMI from my mortgage?
The cost of an appraisal to remove PMI from your mortgage typically ranges from 300 to 500.
When can I remove PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and the increase in your home's value.
When can I remove my PMI from my mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
When can you remove PMI from your mortgage?
You can typically remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
Can you get an appraisal to remove PMI from your mortgage?
Yes, you can get an appraisal to remove Private Mortgage Insurance (PMI) from your mortgage if your home's value has increased enough to meet the lender's requirements for PMI removal.
How do you remove your name from a joint mortgage in Portugal?
You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.You need to discuss that with the lender. Generally the only way to remove your name from a mortgage is to pay it off.
When should I remove PMI from my mortgage?
You can typically request to remove Private Mortgage Insurance (PMI) from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and an increase in your home's value.
How do you remove spouse from mortgage if divorcing?
The only way to remove your spouse is by refinancing the mortgage. Your attorney may be able to assist you in negotiating with the bank.
When can you remove the mortgage insurance from your loan?
1. when the bank allows or 2. when you pay off the mortgage.
How can I remove FHA mortgage insurance from my loan?
To remove FHA mortgage insurance from your loan, you can either refinance your loan into a conventional mortgage or make a substantial payment to reduce your loan-to-value ratio below 80.
Is it possible to remove FHA mortgage insurance from a loan?
Yes, it is possible to remove FHA mortgage insurance from a loan, but it typically requires refinancing the loan into a conventional mortgage once you have built enough equity in the property.
How do I remove PMI from my mortgage?
To remove PMI from your mortgage, you typically need to reach a loan-to-value ratio of 80 or lower. This can be achieved by making extra payments towards your mortgage principal, getting a new appraisal to show increased home value, or refinancing your mortgage. Contact your lender for specific requirements and steps to remove PMI.
