Name Deletions How do I delete a person from the mortgage loan account?
Once a person has been approved and granted a mortgage loan, the only way to be released from the obligation to repay this debt, is to payoff the loan either by sale of the property or mortgage refinance. In rare instances, a divorce court may order that a person be removed from the obligation. But in most instances, even if only one person is given the privilege to remain in the property the other person is still obligated for the repayment of the debt, if the person remaining in the property defaults on payments. We may remove the name of the person no longer living in the property for mailing purposes, but will still contact them should the property become delinquent and they must know that their credit can be affected in the event of foreclosure. You should seek proper legal counsel to protect yourself, as it relates to shared debt. NOTE: You can not sell your property without either paying off this mortgage loan or without prior written approval from Bogman, or the loans issuer. I
Once a person has been approved and granted a mortgage loan, the only way to be released from the obligation to repay this debt, is to payoff the loan either by sale of the property or mortgage refinance. In rare instances, a divorce court may order that a person be removed from the obligation. But in most instances, even if only one person is given the privilege to remain in the property the other person is still obligated for the repayment of the debt; if the person remaining in the property defaults on payments you should seek proper legal counsel to protect yourself, as it relates to shared debt. NOTE: You can not sell your property without either paying off this mortgage loan or without prior written approval from Bogman, or the loan’s issuer. It is considered a violation of the mortgage terms if you allow someone else to assume the payments of your mortgage loan or to transfer the mortgaged property to someone without prior approval. Doing so may result in legal action could resu
