Legal Question in Real Estate Law in Rhode Island
my son and i are on a mortgage together he is not on deed nor does he live in home can i take him off mortgage without refiancing
Asked on 12/09/10, 3:57 pm
1 Answer from Attorneys
Staff General Counsel
LawyersCollaborative
You would have to ask the lender for its consent to do so. Basically, you would be asking the lender to release 1 of 2 people responsible for repayment of the debt. Most local lawyers would be willing to help you write a letter to the lender, though I would not get your hopes up too much, as there would appear to be no benefit to the lender.
Best wishes,
Scott Summer
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Answered on 12/14/10, 4:56 pm