Release Of Liability

Expert, localized Los Angeles answers provided by Heather Roy

Release Of Liability
	Hi, Could you tell me if you know of a form to submit to a bank to request to be released from a mortgage obligation (when there are two people on the note and one agrees to take over payments if the bank allows)?

	Contact the mortgage company and ask how to apply.What you want is not always possible.It’s up to the lender to agree to release liability for one of the borrowers, to set the financial qualifying requirements for the remaining borrower, and to furnish the paperwork. There may be a charge, but I don't expect it would be too high.
	Edith Originally published on January 6, 2006

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