Asked by janenaples, Warwick, NY • Thu Dec 27, 2012
My soon to be ex-husband and myself own a residential home with no mortgage. This house will be transferred to me upon final divorce settlement - in a few weeks. I can't afford to stay in this house and found a condo that I want to buy. House is not on the market until it is transferred to me. A mortgage company recommended that I refinance and take cash out to purchase condo in cash. They said I can do this in my name only, don't need ex-husband signature. I can pay back the loan when my house sells - I don't owe anything on current home.
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