Author: Andrew Dickens
Andrew Dickens is a North Carolina real estate attorney and the founder of Dickens Law Group. During his career, Andrew has worked side by side with some of the most experienced and well-respected real estate attorneys in North Carolina. Dickens Law Group provides real estate services to the entire state of North Carolina with a focus on foreclosure prevention, landlord-tenant representation, and other general real estate matters.
If both spouses are listed as borrowers on the mortgage, transfer of the property alone will not remove a spouse from the mortgage. As far as the bank is concerned, both spouses are obligated to make sure the mortgage gets paid, regardless of whose name is, or isn’t, on the deed.
Nearly all mortgage companies have a formal application process to determine whether assistance can be offered. When you call your mortgage company, tell them you want to apply for assistance and they will provide you with the necessary documents.