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what are my options is a signer that is on the deed and mortage refuses to sign and pay?

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one_love117 Joined: 04 Mar 2011 Posts: 1 1.00 Dollars($)	Posted: Fri Mar 04, 2011 2:30 pm    Post subject: what are my options is a signer that is on the deed and mort Like 0 Dislike 0 Hello my husband and I purchased a home 6 years ago with my mother in law. Two years ago she surprisingly moved out and decided not to pay.We have struggled since then to make our monthly payments. She refuses to do a loan modification or refinance. She finally agreed to do a short sale. But after signing and beginning the process she refuses to participate. Is there anything we can do. she is on the mortgage and the deed. Thank you
adonis Joined: 22 Oct 2005 Posts: 10569 Location: ALASKA 1090.22 Dollars($)	Posted: Sun Mar 06, 2011 9:54 pm    Post subject: Like 0 Dislike 0 Hi one_love, You can remove her from the mortgage by refinancing it in your name. However, you'll have to ask her to sign a quitclaim deed in order transfer the property in your name. Once she is out of the deed and the mortgage, you'll be able to short sale the property. _________________ Procrastination is the enemy of your financial success

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