It's Great that you took the time to inquire with professionals as soon as questions arise. There will be more questions throughout the Home Buying/Selling Process hence the importance in finding an agent that will be available at anytime to answer. If you have not established a relationship with an agent, please use my information below to discuss the Home Buying/Selling Process further and also to begin moving towards satisfying your interest in Real Estate. Speak with you soon.
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Keller Williams - Philadelphia
It looks like that didn't happen in your case. Here is some information.
1. If you are already divorced and you ex-spouse is NOT agreeable to making any changes, you are stuck, in my opinion. This is something that you would want to have negotiated as a part of your equitable distribution settlement
2. If you signed mortgage docs in PA,it probably is stated that you CANNOT alter the original deed/ownership status without permission from the lender.
3. That being said, people do it every day through a title company
4. Taking a name off the deed does NOT remove the obligation to pay the mortgage. The only way to do that is for the person taking ownership to get a refinance.
I hope that you can work this out to your advantage. Please let me know if you have any other questions.
ReMax Action Realty
I can wlk you through in a few shoert minutes. 610-291-1460
I suggest you contact the mortgage lender if you do have a current mortgage on the home. I would be happy to refer you to title companies also.
This is a very easy process. A few things to determine:
is one of you keeping the house?
Are both of you on the loan?
I have assisted many clients do this in the most cost effective way. call me today and i can walk you through. Maura 610.291.1460. Many will suggest an Atty --You don't really need one. A Title Company will do it for less.