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Every Thing Else Board
Mortgage advice
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<blockquote data-quote="TexasBred" data-source="post: 1351523" data-attributes="member: 6897"><p>Guess I don't really understand her concern about his still being responsible for the mortgage. I can guarantee you HE is not going to make any payments so it's not big deal especially since the deed is already in her name, the divorce has been settled and I assume she received sole ownership of the property subject only to the lien against it. Being on the note does not give him any priviledges, only remaining responsibilities to see that the payments are made. No need to spend a lot of money when it's not necessary but if she insists I'm sure about any bank would loan her enough to pay off the existing loan from the proceeds of a new loan in her name only. They would be very well secured.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 1351523, member: 6897"] Guess I don't really understand her concern about his still being responsible for the mortgage. I can guarantee you HE is not going to make any payments so it's not big deal especially since the deed is already in her name, the divorce has been settled and I assume she received sole ownership of the property subject only to the lien against it. Being on the note does not give him any priviledges, only remaining responsibilities to see that the payments are made. No need to spend a lot of money when it's not necessary but if she insists I'm sure about any bank would loan her enough to pay off the existing loan from the proceeds of a new loan in her name only. They would be very well secured. [/QUOTE]
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