Jun
04
Me and my boyfriend bought a house together last July (2007) and got a 100% fixed rate morgage through Northern Rock. We broke up in June this year (2008) and all I want to do is take my name off the morgage – how do I go about doing this and will it cost anything? Im going to see a solicitor on Thursday this week.
Any help would be much appreciated!
Thanks in advance.
Beth
Are you thinking about selling your home yourself? then
You will have to see a real estate lawyer and get the deed transferred to your name only, then refinance the mortgage. And yes it will cost you. I just went through a divorce and had to do the same thing. The refinance was about $4000 in closing costs in addition to the legal fees. My divorce lawyer took care of the deed, so I’m not sure what that alone would have been.
sign a quick claim deed, that is what i did in georgia. do not know if laws vary state to state
The only way is to refinance, a quit claim deed will not release you from the loan obligation that said, and hopefully your boyfriend can refinance the place: first is there enough equity, and then hopefully he has a decent credit score as well
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