Tell her she needs to refi in her name or you will put the place up for sale .
There is no other way to get your name off a mortgage but to re-fi or sell .
She asked you to move , stop being a wuss . . .
Tell her to get her parasite *** in gear & take care of business or else .
( unless you were violent or substance abuser or pedophile , then count your blessings you weren't shot )
>
2007-08-28 18:02:21
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answer #1
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answered by kate 7
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Hi Diesel,
You need to convince the girl so that she refinances the loan in her name. Otherwise, you will have the obligation to pay off the loan.
However, if at all she does not agree, then you can request the lender explaining the situation and asking for a novation, the process by which one can transfer a loan. Again, if she is not willing to take over the responsibility of the loan, then there's no way out for you but to continue making the payments. And, one more thing, if the girl is also on the loan, then she should be paying for a part of the payments and that can help to reduce your burden.
Thanks,
Jessica
Mortgage Mentor
MortgageFit Community
2007-08-28 23:34:58
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answer #2
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answered by MortgageFit.com 2
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Yeah, get a lawyer, because she just screwed you.
There is NO WAY around getting an attorney at this point.
Now you owe money on a property that you no longer legally own or have control over. You can't even require her to refinance because you don't have control over the property anymore.
Is her name even on the mortgage? Your post doesn't say...if not, then you just bought her a house.
This was a huge mistake, so you need to see a Real Estate attorney...not a general practice that just lists that along with other things, you need someone who does that all day, every day.
PS: Also, don't be too disheartened. Judge's understand that alot of people don't understand the impact of what they sign and if you do it sooner than later, then your options to reversing it, increase dramatically.
2007-08-28 23:11:36
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answer #3
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answered by Expert8675309 7
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Hope your loan is FHA. If it is and you have moved out and she proves she has been making the payments for 8 months, she can streamline the mortgage with no income or credit verification (just good payments past 12 months) and remove you from the loan.
Other then that..... Not that I know about. But you never should have taken your name off the deed without her removing you off the loan. Now you have no leverage to get her to refinance. Sorry I wont play monday morning QB. One thing you can do is threaten to call the Lender and tell them you took your name off the deed. Many times that will piss them off enough that they forclose. You legally arent suppose to do that without the lenders permission. It gives them a right to foreclose. But if she is paying on time, with this current market I doubt they will do a thing.
Good luck but you might be lucky and have an FHA loan. I would check.
2007-08-28 18:06:18
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answer #4
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answered by financing_loans 6
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You got yourself into a pickle that will be hard to exit from. She would have to refinance in order to get you off since the lender has no incentive to remove a mortgagor from the loan. So, it's her house and you're partially responsible for the loan. Sorry, but I've never found another way and I run into this more often than I care to admit.
2007-08-28 18:17:17
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answer #5
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answered by liveinaustin 3
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Unfortunately not. Your are still responsible for that loan until she refinances. If she is late on a payment and defaults on that loan it could effect your credit. The best route would be to have her refinance that loan. Since her mom said she would help, maybe she can cosign with her?
Good luck!
2007-08-28 18:15:56
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answer #6
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answered by Catherine J 1
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Be very nice to her, she has posession , she has the title (sole owner?) but you have the debt!!!!! tray to convince her
to refinance the loan that is probable the only way. Good luck.... Maybe ask to a Title Co. like Chicago Title, Founders, it depends where you live (for the title co.)
2007-08-28 18:04:11
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answer #7
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answered by Anonymous
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see if your state does a quick claim deed to get your name off the title. That doesnt necessarily get you off the loan though. Have her refi and get you off will be the best way.
2007-08-28 23:05:30
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answer #8
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answered by Bill P 5
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You can get free legal advice on websites like LawGuru, FindLaw. Check this out for more info http://www.uelp.org/freelegal.html
2007-09-01 03:51:46
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answer #9
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answered by Anonymous
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Wow! thankyou! exactly what I was looking for. I tried looking for the answer on other websites but I couldn't find them.
2016-08-24 13:53:31
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answer #10
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answered by Anonymous
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