He is only on the deed. The mortgage and all finances are strictly in my name. Will I have to refinance?
2007-12-05 06:47:22 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Refinancing isn't going to help. He owns half of the house. You need to ask him to deed his half over to you.
2007-12-05 06:52:55 · answer #1 · answered by Landlord 7 · 3⤊ 0⤋
Maybe.
Your boyfriend owns 50% of your home and he is legally entitled to 50% of the equity of the home...so the court could force you to refinance, pay him for half the equity in cash.
You can't remove him from the deed without his signature...who is on the mortgage is irrelevant.
That is what happens when you "play house" without the benefit of marriage...you get yourself into a legal mess that ONLY a judge can fix unless you two can come up with an agreement.
2007-12-05 15:07:21 · answer #2 · answered by Expert8675309 7 · 1⤊ 1⤋
No, you need not refinance in your situation. With your ex's agreement, he can sign and you can record a simple quitclaim deed. By doing so, he relinquishes any ownership in your property.
2007-12-05 15:16:52 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
No you will not have to refinance but he must agree to deed his interest in the property to you and tht deed must be recorded in the county records.
2007-12-05 14:50:12 · answer #4 · answered by mazziatplay 5 · 1⤊ 0⤋
Only he can remove himself. Quit claim deed; doesn't affect the mortgages
2007-12-05 14:50:58 · answer #5 · answered by wizjp 7 · 4⤊ 0⤋
You'll have to do a quitclaim deed to get his name off of the deed, and he has to agree to do it and sign it. You don't need to refinance, but talk to an attorney to get all this drawn up and legal.
2007-12-05 14:59:15 · answer #6 · answered by KitKat 6 · 1⤊ 2⤋
Ask him to sign a deed & pay him what he wants to do it.
2007-12-05 18:55:02 · answer #7 · answered by Anonymous · 0⤊ 1⤋
You're gonna need an attorney for this one, hon. Your ex has got a good deal going & the attorney will probably treat it as property settlement. Unless, of course, your ex decides to be fair & signs it over to you.
2007-12-05 14:53:26 · answer #8 · answered by Judith 6 · 2⤊ 1⤋
Good God, why would you put him on the deed when you hold the note? Better see a lawyer.
2007-12-05 15:42:56 · answer #9 · answered by npk 7 · 1⤊ 2⤋
You can have him execute a "quitclaim deed"
2007-12-05 14:51:10 · answer #10 · answered by Squat1 5 · 1⤊ 1⤋