Me on mortgage but two of us on title - one needs out, how?
Posted by Trappedinmyhome on August 21, 2007 at 13:35:33:
This problem probably sounds minor compared to some but it is actually major to me. I'm the sole mortgage holder of my house, yet the title of the house is in both my name and my former partner's name. There is currently at least $40K equity in the home even with the market downturn. I want out, to get away from the partner, regardless of the market. Partner refuses to sell because there used to be $100K in equity and he cannot bear to lose the money from when the house was at its peak. If I walk away (mortgage 100% in my name), what are the options? He likely wouldn't be able to continue making the payments more than a month or two without me. Where does quitclaim come into this? Or other things?
Follow Ups:
- Stand-off - aak5454 10:57:19 08/22/07
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- Re: Me on mortgage but two of us on title - one needs out, how? - helpinghomeowners 14:43:01 08/21/07
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- Re: Me on mortgage but two of us on title - one needs out, h - California Chris 21:44:46 09/11/07
(1)
- Re: Me on mortgage but two of us on title - one needs out, h - helpinghomeowners 22:59:55 09/11/07
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