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samphky77 · Joined: 28 Mar 2010 Posts: 1 1.41 Dollars($)

My girlfriend is going to be a co-borrower on my mortgage loan so that I can qualify for the amount I want, because without a co-borrower, i wouldnt be able to obtain a high enough loan amount. When I purchase the home, she will be on the deed/title to the property but I dont want her to have ownership rights to the property, which she is willing to give up. What do I have to have her sign in order for this to happen without having to refinance or take her off the loan?

jameshogg · Posted: Sun Mar 28, 2010 9:09 pm Post subject:

Hi samphky,

Your girlfriend can sign a quit claim deed form and remove her name from the property deed. However, as her name will be mentioned as a co-borrower of the loan, the lender may not allow this transfer of property and will want you to refinance the loan in your name.

Thanks

Guest

I am a new homeowner w/a co-borrower will I be eligible for the 8k for new homeowner. My co-borrower is not eligible due to owning a home and over income limit. Thanks

sara · Posted: Tue Mar 30, 2010 2:56 am Post subject:

Hi Catt,

As your co-borrower already owns a home and is over the income limit, you won't be able to qualify for the first time homeowner's tax credit. If both you and your co-borrower would have been first time home buyers, then you would have qualified for the tax credit.

Take care.

jveenstra · Posted: Tue Mar 30, 2010 9:12 am Post subject: Tax Credit

Catt, if you are not married to the coborrower, you are eligible.

Guest

My home was signed over to my Ex with the verbal agreement that he was to sell it, yet he did not. Because I am still on the mortgage can I force the sale through a partition action? Note: this can't be remedied through the decree/family law.

Niicss · Posted: Mon Feb 07, 2011 2:08 am Post subject:

As your name is not mentioned on the property deed, I don't think you'll be able to file a partition lawsuit in order to sell off the property. However, I will suggest you to contact a real estate attorney and take his opinion in this matter.