Name off of mortgage

Q: The mortgage loan on my house is in my ex-husband’s name, we divorced in 2000. My ex put my name on the deed and took his out but the mortgage remained in his name. He now wants his name off the mortgage. I have been paying the home on a timely basis for the past ten years and have done numerous repairs to the home. How can I get the bank to switch the mortgage to my name? My ex is threatening to sell the home in order to get his name off, but the deed only has my name, can he do this? Please help, I need answers.

A: The only way to get the mortgage in only your name would be to re-finance. That way when closing on the re-fi, the old loan w/ your ex’s name would be paid off & his name would disappear.The other way is almost non existent, that would be for you to assume the loan. That would require you to qualify financially & the lending institution to be willing to do so. As far as him selling the house, that is nothing but an idle threat. It is in your name only, giving you all the control when it comes to selling & / or refinancing.