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Updated over 8 years ago on . Most recent reply presented by

User Stats

44
Posts
13
Votes
Tim S.
  • Northeast, WI
13
Votes |
44
Posts

Removing name from mortgage and title

Tim S.
  • Northeast, WI
Posted
When moving out of my parents and buying my first house I was self employed and being young I didn't have much for credit history. To get the loan I needed my dad to cosign. His name was on the deed, title, and mortgage paperwork. For the past few years I didn't care that both of our names were on it but recently I got married and would now like to remove his name. I would also like the ability to be able to get a HEL without him having to go in with me to sign papers for my own house. What steps do I have to take to do this? From the research I have done so far it seems a "quit claim"? Is that where I start? Does this have to be done with a lawyer? I have already talked with the bank. He said with how little I owe on the property yet he thinks he can just rewrite the loan without my dad as soon as I get his name off the title. Thanks!

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