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· VA Streamlines After a Death, Divorce, Marriage. It’s the entitlement of the Veteran that makes the VA loan possible. Fortunately, there is an exception for when the deceased Veteran and spouse purchased the home as joint borrowers. In this case, an IRRRL may be possible even though it’s only the Veteran’s spouse on the loan.
After the divorce was finalized, we did a mortgage assumption with. I was notified by Wells Fargo that they were removing me from the. Unfortunately, not every ex-spouse qualifies (financially) for the mortgage assumption.
Q. The mortgage and deed to my old home are still in my name. I was divorced five years ago. At the time, the California judge said my ex-wife.
My ex-wife was awarded the marital home in the divorce decree, but she has yet to remove my name from the mortgage and deed as required by the agreement. The mortgage company now says I cannot remove my name from the mortgage because my ex-wife cannot refinance the home alone.
A quitclaim deed is commonly used to remove a spouse’s name from the title in a divorce. Navigating the decision to stay or sell Kathy Kristof filed for divorce in 2002 after 16 years of marriage. Daily refinance mortgage rates home loans With No Down Payment For First Time Buyers Mortgage Rates, Mortgage News, and Strategy : The Mortgage.
Divorce can take a toll on credit and finances and, for military borrowers and others, there are considerations if you own a home with a spouse and there’s a mortgage attached to it. For example, how.
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In most cases, mortgage companies won’t let you simply remove one spouse from the loan and the deed. "The transfer of title after a divorce is a very common and tricky problem," explains Theresa Guettler, branch manager with Caliber Home Loans. "The right thing to do is to refinance after the divorce."
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· During divorce or for what ever reason, removing a spouse or x spouse from your mortgage loan or from title is pretty simple. There is one certain way to do it, and other possible options.