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Hi,
I was married for 25 years and have been divorced for 5. The house was given to my ex-husband, and the responsibility for the mortgage and equity loan in the divorce decree. However, I did not insist my attorney then to stipulate that the house must be refinanced (along with the equity loan).
Now I am stuck with his poor credit rating. I did do a repurchase agreement to get my name off the house, but am still stuck with my name on the equity loan. Do I need to get an attorney to get my name off the loan?
Divorce and getting the name off the loan
Hi Willow,
This is quite a complex situation. Generally, the lending institution does not agree to taking a co-signer's name off the unpaid account. I think it will be better to get help from an attorney.
Thanks,
Aaron