Legal Question in Real Estate Law in Louisiana

My ex-partner and I took out a mortgage loan last year. We are no longer together and he has been paying the monthly note. Now, it's time to renew the loan. Since I no longer live in the house, do I have to sign the new mortgage? We got the loan because I was the one working and for us to get the loan in both our names he had to sign over half interest in the land and house to me. Previously, all the land was his but I paid for the house to be built on his land. I now want the amount of money I invested in the house but he says he cannot afford it, etc. Back to my original question- do I have to sign the mortgage?


Asked on 4/12/10, 11:18 am

1 Answer from Attorneys
Nick Pizzolatto, Jr. Pizzolatto Law Office

Since the loan is not paid off, and you own 1/2 the property secured by the loan, either you renew it or sell it, pay off the loan and divide what is left. Otherwise, the loan company can seize and sell the property.

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Answered on 4/18/10, 6:54 am


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