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Do i have to pay 1/2 the mortgage (by law) ?

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masscarr Joined: 02 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Sat Oct 02, 2010 10:55 am    Post subject: Do i have to pay 1/2 the mortgage (by law) ? Like 0 Dislike 0 me and my brother own a two family home in nj. when we refinanced, he was the only one put on mortgage, but we are both on deed. am i responsible for paying the mortgage? can he do anything if i dont? we had an agreement that i would pay 1/2 taxes and 1/2 homeowners ins. now he is requesting i pay 1/2 mortgage?
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Oct 03, 2010 9:08 pm    Post subject: Like 0 Dislike 0 Hi masscarr, As your name is not mentioned on the mortgage doc, you're not personally liable for the loan payments. Your brother won't be able to do anything if you don't pay the mortgage unless you've signed an agreement in this regard. _________________ Procrastination is the enemy of your financial success

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