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mortgage loan

Started by wldcherry1, Oct 03, 2004, 05:20:38 AM

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wldcherry1

Betty was awarded the house in the divorce.  Bob signed a Special Warranty Deed giving up all rights to the property.  Bob's name is still on the loan.

1.  Does Betty need Bob's signature to transfer or refinance the loan?

socrateaser

>Betty was awarded the house in the divorce.  Bob signed a
>Special Warranty Deed giving up all rights to the property.
>Bob's name is still on the loan.
>
>1.  Does Betty need Bob's signature to transfer or refinance
>the loan?

If the action completely releases Bob from all of his obligations for the loan, then no, otherwise yes.