House? my husband is still one his ex-wifes morgage. she wants to sign the house over to us. how do we do th

House? my husband is still one his ex-wifes morgage. she wants to sign the house over to us. how do we do th?
do we have to re-finance, or can she just sign it over. we live in ma if that helps
Renting & Real Estate - 3 Answers

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1
re-finance. She can't give or sell to you without the current lien holder signing off. Good luck to you.


2
You will have to refinance. She can remove her name from the deed, but not the loan. The only way she can come off the loan is by your husband refinancing in his name only or in both of your names.


3
Is she on the mortgage too? If so, she'll probably want to be released from the mortgage obligation so you'll have to refinance. Otherwise, if she's not on the mortgage or isn't pressed to be removed from the mortgage, a Quitclaim Deed is all she needs to sign to release herself from the deed.