Legal Question in Real Estate Law in Minnesota
Getting my name off of a mortgage and loan
I own a townhome 50/50 with a friend who will not refi and let me off the mortgage. What can I do to get my name off the mortgage and note without him knowing?
Asked on 1/31/08, 9:01 pm
1 Answer from Attorneys
Maury Beaulier612.240.8005
Minnesota Lawyers
Re: Getting my name off of a mortgage and loan
Your options are significantly limited. Without any written contracts as to how the real estate interests will be handled or the obligations of the parties, you would be required to bring a "partition" action. In a partition action, a court may determined the respective interests of the parties and order the real estate sold or, if possible, divided.
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Answered on 2/01/08, 10:43 am
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