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Updated over 2 years ago on . Most recent reply

User Stats

180
Posts
138
Votes
Daniel Murphy
  • Financial Advisor
  • Saint Paul, MN
138
Votes |
180
Posts

Removing ex wife from title - she was never a borrower

Daniel Murphy
  • Financial Advisor
  • Saint Paul, MN
Posted

Hey all, I have a home in MN and a home in FL. I'm recently divorced and kept the 2 properties.  My understanding is that I will need to refi in order to get my ex off of the properties.  My question is, both of these homes were purchased under my name only because she had no income. So all closing docs, title etc. only have my signature.  I understand joint legal ownership, but that normally seems to apply at selling.  

Are there any thoughts, options or opinions on how to remove her name from the titles without a refi?  

Most Popular Reply

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,169
Votes |
4,205
Posts
Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Replied
Quote from @Daniel Murphy:

Hey all, I have a home in MN and a home in FL. I'm recently divorced and kept the 2 properties.  My understanding is that I will need to refi in order to get my ex off of the properties.  My question is, both of these homes were purchased under my name only because she had no income. So all closing docs, title etc. only have my signature.  I understand joint legal ownership, but that normally seems to apply at selling.  

Are there any thoughts, options or opinions on how to remove her name from the titles without a refi?  

The judge should have placed an order regarding the properties. Assuming that has been done, if she is not on the mortgages, and not awarded a portion of the assets, and not awarded support, a Quit Claim deed signed by her releases her interest in the property.

If the judge awarded money to her, she may be entitled to a portion of the properties. That is case by case dependent. Since you are spanning two states and who knows, how the judge ruled, you'll have to talk to an attorney in the state you filed.

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