Legal Question in Real Estate Law in Georgia

Relinquish rights to property

I co-signed for a friend on a house, three years ago. She resides in Georgia. I recently found out she has not been paying on time which has really affected my credit rating/score. Her credit is awful and with her one payment behind each month is making my credit awful also. Is there anything I can do to get my name off the house? What are my options? Please help me.


Asked on 9/19/05, 3:10 pm

1 Answer from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Relinquish rights to property

The only things you can do are either buy her out and pay off the mortgage or refinance, which is probably not a good option. Consult with a local real estate attorney. As long as your name is on the debt, you are responsible.

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Answered on 9/20/05, 4:30 pm


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