More details to this question:
I bought a home with my ex roughly 4 years ago. We separated, and I am now reside in the home. I spoke with a loan agent at the bank who said I need something in writing stating that he relinquishes ownership of the home to me. This will make it so the bank will give me a loan for the remaining amount owed, and he will be removed. He is willing to sign whatever I want. I was just wondering if there is a standard form for this, or is this something special that I would need to have written up?
1 ANSWER
Business Law Attorney serving Rochester, NY
at
Tully Rinckey, PLLC
Update Your Profile
The only way to telinquish ownership in NY is to execute and deliver a deed to the property. You will probably need to refinance the loan unless the bank will accept your credit without any refinance requirement.
Answered on Aug 11th, 2014 at 1:46 PM