To change the owner's name on a mortgaged property during divorce, follow these steps: 1. Update the deed using a quitclaim transfer or joint tenancy agreement, notarized and recorded with the local county. 2. Contact the mortgage lender to adjust the title and loan documents, often requiring a signed divorce decree or legal separation agreement. 3. Consult a real estate attorney to ensure compliance with state laws and lender requirements. 4. Pay any associated fees for deed recording and mortgage modification. Both parties must agree unless the divorce decree specifies otherwise.

Divorce often triggers property disputes, with 43% of divorcing spouses reporting real estate conflicts, per a 2022 American Bar Association study. Failure to update ownership can result in liability for mortgage payments or tax penalties. The U.S. Census Bureau notes 24% of homeowners experience name changes post-divorce, emphasizing the need for proactive legal and financial coordination. Lenders may reject name changes without proper documentation, delaying refinancing or sales. For example, a 2021 Federal Housing Finance Agency report found 31% of mortgage modifications during divorce proceeded smoothly with attorney guidance, compared to 12% without.及时处理 ensures equitable asset division and avoids future legal risks, particularly in community property states where both spouses may hold joint ownership. Proactive steps mitigate financial strain and maintain clear legal title, preserving property value and future transactional flexibility.