owned a house with b/f broke up my name is on the deed but not the mortgage. what are my rights. live in PA.?

Question

MY NAME IS ON THE DEED BUT NOT THE MORTGAGE WHAT ARE MY RIGHTS

Answer 1

DON'T SIGN A QUIT CLAIM unless you understand what you are getting in return! If you do sign one, you would be giving up your ownership. Make sure you get something in return.

Right now the situation is that you own half of the equity in the house, but aren't obligated to pay the mortgage. That's a pretty good situation for you to be in. If your ex-boyfriend wants your name off the property, tell him you want your share of the equity in the house. WHEN you get that, you will gladly sign the quit claim removing your name.

Good luck.

Answer 2

you will be responsible if there is still a mortgage. I would try to do a quit claim deed to get your name of the title. Any title company could do this for you. The house can not be sold unless you consent ...that is your only right.

Answer 3

Yes, you definitely need a lawyer.

I suspect your name is on the mortgage, unless your b/f owned the house solo and put you on it later, because few lenders are dumb enough to loan money without signatures of all owners.

What you probably didn't sign was the Note.

The difference is that if the payments aren't made they sell the house, and if it goes for less than the amount owed, only those who signed the Note are liable for the difference.

You have too many possibilities of what your rights might be to answer that here. It depends on what you and he each plan to do next and who paid what and who hit who.

See a lawyer.

Answer 4

The DEED is the important doccument..a mortgage is a financial contract..The title to the property is what indicates actual OWNERSHIP..your entitled to HALF the value at a minimum unless he prove otherwise..and thats a very tough call to prove.
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