What Happens When Parents Want Their Down Payment Gift Back After Divorce – June 2023

The secondary market makes special provisions for equity buyouts related to divorce; however, those provisions may not extend to other cash repayments from a refinance mortgage. Further, a gift repayment when originally certified that no repayment would be required could present legal ramifications for the borrower(s).

Jacquie Sullivan

Jacquie Sullivan (NMLS#1802690) serves the state of Arizona for purchase, refinance, FHA, VA, USDA, renovation loans, debt consolidation, mortgage refinancing, down payment assistance, and more mortgage options.

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