Legal Question in Real Estate Law in Maryland

Re: home ownership

If there is enough equity in the property to buy out your interest, he'll have to refinance the mortgage in his own name so that your name is removed. If there isn't enough equity, the only options are to sell the property or make an agreement that he has to sell it within a certain period of time. The disadvantage to that is that your name would remain on the mortgage, impairing your credit, and the receipt of your equity will be delayed.