Legal Question in Real Estate Law in Florida

I built a home with my ex-fiance and lived there for 7 years. We split the bills evenly although he earned more. When we broke up 7 months ago, I moved out. He has a child from a previous marriage and can afford the home. I asked him to sell the house but he refused saying he could pay both the second and the first mortgage but could not get financing on his own. My name remains on both mortgages. He remained current with the first mortgage but has missed the last few months of the second mortgage. He wants me to help him refinance but the only way he can do that is to have me sign the deed over to him. I don't feel comfortable doing so with my name being on the mortgage. He says that he can sign a document that protects me somehow but i don't know what it would say, how it would protect me or if it would be in my best interest. He claims that if I don't he will stop paying all of the loans and go into foreclosure. At this point, I don't know if that is a bad thing. My credit is tied to the house and I can't get a car loan as long as I am on the mortgage. What advice can you give me?

Asked on 12/05/12, 11:19 am

David Slater David P. Slater, Esq.

0 users found helpful

0 attorneys agreed

Do not put your name on another mortgage. You will be responsible for its payment.

Answered on 12/05/12, 11:23 am

Keywords

Match Any Match All

Country

State

Area of Law