Legal Question in Real Estate Law in New York
How do I find out if there is Home Equity Loan by co-owner?
Hello,
I currently co-own a multi-family
home with my sister (both on
mortgage and deed).
She has recently decided to move
out and rent her part of the home.
She has also purchased a home
nearby, but I do not know how. In
the past, she said she wanted to
do this by taking out a home equity
loan to pay for her a new home. I
didn't agree with this, but
somehow, she now owns a home.
I am concerned that she did this
without my knowledge and if she
doesn't pay (highly likely), I will be
held responsible.
My questions are:
#1: Can she take out a HEL without
my knowledge/consent?
#2: If so, how do I find out if she
did? Is there some kind of check I
can do through the mortgage
company?
Thanks,
1 Answer from Attorneys
Re: How do I find out if there is Home Equity Loan by co-owner?
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