House in my name but someone else makes the payment. Need it out of my name. Options

They will not get it refinanced in there name.
(0) | asked by: Johnny Willis | share | 6 days ago | Report
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answer by Marisol Giron    |   Visit My Website   |   Contact Me
The only way to remove the loan of your name is to have it financed under another persons name. If it's FHA you can have the current try to assume the note. But overall you will need to have a lender help you with the process. Or the other option is to sell the house, that would transfer the house note to the new owner.
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1 day ago  |   Report   |   share
answer by Michelle Brecker    |   Visit My Website   |   Contact Me
Good evening Johnny, This question is a hard topic, the only way to remove ones name from the loan/deed, is to sell the home to the other party. Some lenders will allow the loan to be assumed so that may be an option, or the other option is to truly sell the home to the other party. As your lender will not remove your name and liability unless some is there that they approve to replace you or they are paid in full.
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answer by Bernice Frimpong    |   Contact Me
What type of loan is it, you may have to let the person qualify on their own and remove you from the loan. Give me a call Ito better assist you.
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5 days ago  |   Report   |   share
answer by Albert Yanez    |   Visit My Website   |   Contact Me
I just helped a family with this very situation. As long as there are two parties working to accomplish this goal it can be done. Give me a call so that I can get further details from you on your situation. Cheers, Albert Yanez RE/MAX Northwest Realtors 281-726-9919
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6 days ago  |   Report   |   share
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