Legal Question in Credit and Debt Law in Illinois
mortgage
If a couple (not married) owns a home together, but have since broken up. What does the primary owner need to do to get the secondary owner off of the mortgage. The primary owner is the one who has been paying the mortgage this whole time.
Asked on 12/11/06, 8:10 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: mortgage
I am not sure what you mean by primary and secondary owners, but, the only way to have one person removed from the mortgage is for the other to refinance. You should have an an attorney assist you with this, since there are ownership, debt, and tax consequences.
Answered on 12/12/06, 2:29 pm
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