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troon
Guest
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 Posted: Sat Jun 13, 2009 7:14 pm Post subject: removing a co-borrower from a mortgage |
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| hi, my mom and my sister helped us to buy a houses 5 years ago. i would like to know if there is a way that we can remove my mom from the loan without refinancing. a quitclaim deed has already been signed by my husband and i and the lender is awared. |
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Elittle
Guest
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| Posted: Wed Sep 02, 2009 8:34 am Post subject: coborrower |
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| Can a coborrower put a house up for sale when the borrower is living in the house |
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 gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
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| Posted: Wed Sep 02, 2009 8:38 am Post subject: |
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"putting a house up for sale" is, frankly, different than selling it. i suppose it's entirely possible to do that. however, if someone comes along to buy that home, all owners must be available to sign the appropriate documents for the sale.
that may not answer your question the way you were hoping, but i think it sheds some light on the situation for you. please respond if you need more clarity.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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Ishaq
Guest
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| Posted: Fri Sep 11, 2009 7:41 pm Post subject: coborrower |
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| From what I understand. If I want to get out of a loan where my dad is primary and I am co borrower, chances are it can be done and I wont be held responsible by any means. |
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eric1
Community Experts
Joined: 04 Jan 2009
Posts: 1177
176.79 Dollars($)
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Claire
Guest
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| Posted: Wed Nov 04, 2009 4:12 pm Post subject: |
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Hello,
My sister and I recently purchased a house together just like in May, I was really stupid enough to do this with her and I've run into many problems because of this house, and I told her that to remove my name all she has to do is refinance, she doesn't believe me, So What should I tell her so that she believes me and try to get my name removed from the house so I wont end up killing myself in the end?? |
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savior70
Joined: 25 Mar 2009
Posts: 1422
Location: Florida
168.75 Dollars($)
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| Posted: Thu Nov 05, 2009 5:31 am Post subject: |
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Hi,
A refinance will surely take your name off the loan if your sister refinances in her own name. But she needs to have good credit score and sufficient income in order to qualify for the refinance on her own. What you can do to make her believe you is, let her talk with a lender regarding this and let her ask him if a refinance would indeed take your name off the loan. This should give her the answers to all her queries. |
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Claire
Guest
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| Posted: Thu Nov 05, 2009 10:36 am Post subject: |
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| but I heard that you have to wait a certain time to be able to refinance, is that true? |
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eric1
Community Experts
Joined: 04 Jan 2009
Posts: 1177
176.79 Dollars($)
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