Legal Question in Real Estate Law in Texas
Joint Mortgage
I have a joint mortgage with my partner on a house. We are seperating now and I need to get my name off of the mortgage. She wants to keep the house so what are my options? She cannot afford to buy me out. I just want out the easiest way possible without my credit taking a bad hit!!
Asked on 5/21/09, 10:34 am
2 Answers from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Joint Mortgage
The only way to get off of the mortgage is to have her refinance and pay it off. Lenders, especially now, want all of the "security" they can get. Wish I had better news.
Answered on 5/21/09, 10:46 am
David Leon
David L. Leon, P.C.
Re: Joint Mortgage
If she can't buy you out or refinance, then you need to have the house sold. Otherwise, you're on the hook as long as the loan is in place.
Answered on 5/22/09, 4:03 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
