Legal Question in Real Estate Law in New Jersey

Both my brother and I are on a deed on our house in NJ, but I'm solely on the mortgage which is more than what the house is worth. I am unable to address problems in the house and as a result my tenant is moving out. I want to go my own way therefore i'm offering to walk away but for him to remove my name on the mortgage and deed but he refuses and I can't afford to buy him out. I have also asked him to walk away and remove his name from the deed but refused . What are my options? I will no longer be able to make the mortgage payment as a result.


Asked on 2/27/17, 9:39 am

2 Answers from Attorneys
Keith Singer Keith A. Singer, Attorney At Law

You should short sell the home if he will cooperate and sign the deed to transfer his interest, if he will not cooperate you can force him to do so via an action for partition. You may call my office for a consultation. Keith Singer, Esq. 732-749-3700

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Answered on 2/27/17, 9:44 am
Jef Henninger, Esq Law Offices of Jef Henninger, Esq.

I think a letter from an attorney can get this worked out. Call me at 1-855-9-JEFLAW to discuss

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Answered on 2/27/17, 9:55 am


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