Resolved Question: Home Equity Loan...My ex helped me purchase a home equity loan?

She divorced him 12 years ago. 3 years after the divorce he refinanced the mortgage and took her name off. He never removed her name from the property deed. 4 years after the divorce he got a home equity line of credit and mailed her the signature sheet and told her she needed to sign in order to get off the loan. Total BS. He's started the process to remover her from the property deed. Doesn't he or she need a quit claim deed or some other instrument to remove her from the home equity line? She's not on the mortgage so the only liabilty is the revovling credit line. She's not real bright for sgining somethign w/o knowig what is was, granted. But, wouldn't a quit claim deed work or should her ex be forced to totally pay off and remove her name from the security instrument?

Resolved Question: Home Equity Loan...My ex helped me purchase a home equity loan?

which I guess is considered a first mortgage for my home back in 2004. We have since divorced but the agreement was that I would continue paying payments as I live in the house and own the home. I have made payments on time never being late and never missing a payment. The title to the house is in my name. He has not and does not make any payments on the house. Our divorce was friendly and we just verbally agreed that the house is mine and I would make all payments. My question is this. The loan is in his name with me as a co borrower. Can I claim the interest at tax time? We are divorced, he has remarried. I file single with no dependents and being able to claim the interest would be an added bonus at tax time.

Thanks a bunch I wanted to add that he has yet in the time of the loan to claim the interest on the loan as a tax right off and doesn't intend to. His name is not on any of the paperwork for the house. We were divorced 2 months after the equity loan was taken out. And I have had sole ownership of the home from the day I built it. His name has not be associated with this house in any other way other than the home equity loan.

Thanks for all the answers so far. The only reason neither one of us claimed the interest up until this point was we weren't quite sure who could. He has a could care less attitude and I just never claimed it because I wasn't sure I could since I'm just the co borrower. But every check that has been paid to the mortgage company has been from my checking account. He has never even lived in this house.

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