Question for bankers or mortgage officers

I have a friend whose divorce became final two years ago, but their ex husband still remains on the mortgage. The ex now wants off the mortgage. The mortgage is about 20k. What are the best options for my friend? Refi, or take out a personal loan to pay off the mortgage? Or, other option. Thanks.

Replies:

have a client going through that right now actually - jt 2018-12-12 13:04:33
Hijack to the same audience - orangejubilee 2018-12-12 10:02:23
- HELOC usually means the borrower can draw down on - 1978Irish 2018-12-12 14:24:47
  - We are out of the draw period - orangejubilee 2018-12-12 14:50:36
- Banks are required to have a successor-in-interest policy - Irishted 2018-12-12 10:22:19
- Depends on the bank - dvpgm 2018-12-12 10:08:52
  - Would they likely demand payment bc of death? - orangejubilee 2018-12-12 10:19:51
    - As long as heirs of property are of lineal line - Steelhop 2018-12-12 10:55:22
    - Does your mothers estate have enough money in it - dvpgm 2018-12-12 10:27:05
      - So here's the full story - orangejubilee 2018-12-12 10:52:01
        Does the deed say JTWROS? - Steelhop 2018-12-12 10:59:01
        Yes - orangejubilee 2018-12-12 11:10:58
It should have been handled in the divorce decree. * - 1978Irish 2018-12-12 09:52:15
- This was my thought as well - pmcdnd96 2018-12-12 14:14:22
  - Yes it should have. - Mustangman 2018-12-12 16:55:37
Kind of a loaded question - dvpgm 2018-12-12 08:48:40
- Thanks. - Mustangman 2018-12-12 16:59:27
Paying off the loan, refi or otherwise, is the only way - Irishted 2018-12-12 08:24:53
- Thanks. * - Mustangman 2018-12-12 17:00:53