Discard Name Warranty For Free

You are not the property owner when your name appears on the mortgage but not on the deed. Your role on the mortgage is merely that of a co-signer. Because your name appears on the mortgage, you are responsible for making the payments on the loan, just like the property owner.

If the person to be removed is alive, then you will need a court order or their cooperation such that you can record a new deed that removes them. Quitclaim and warranty deeds are common solutions. If an owner of a property has passed away, you will need to transfer the property to the living owners.

An Indiana quit claim deed form (sometimes called a quick claim deed or quitclaim deed) transfers Indiana real estate from the current owner (grantor) to the new owner (grantee) with no warrant of title.

Refinancing is generally the best way to take a person's name off a mortgage. Depending on your lender, it may be the only way. If you have sufficient equity, credit, and income ? and your ex-partner agrees to give you the house ? you should be able to refinance your current mortgage in your name only.

If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage.

To remove your name from a mortgage, you and your co-borrower can ask the lender for an assumption or modification that would remove your name from the loan.

REMOVAL OF NAMEs on Pennsylvania Deeds This service is available any time during the divorce proceeding. The steps to complete this simple $150 name removal process are: Send us a clear copy of the present deed as recorded (do not send the original) Tell us whether the husband's or wife's name is being removed.