If my ex-wife and I are both on the mortgage, can she get a loan modification with only her signature or do both of us have to sign?
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If my ex-wife and I are both on the mortgage, can she get a loan modification with only her signature or do both of us have to sign?
Asked on March 24, 2012 under Real Estate Law, New York
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Custom and practice in the real estate lending industry is that if you and your former wife are both on a loan secured by a mortgage on a given piece of property, the lender will require both yours and her signature with respect to any loan modification that may be approved concerning the property that you are writing about.
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