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 rweidenfeller
Joined: 20 Jun 2009
Posts: 1
1.00 Dollars($)
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 Posted: Sat Jun 20, 2009 9:10 pm Post subject: I am the co borrower of a home I lived in with my ex boyfrie |
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| He is the main holder, and he is getting deported, he has also stopped pay for the home because of the deportation. I don't make a lot of money to pay for the house and he knows that, and he shows he isn't willing to pay for the house and wants it to foreclose. |
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smithsara302
Joined: 12 Jun 2009
Posts: 116
-0.18 Dollars($)
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| Posted: Sun Jun 21, 2009 4:44 am Post subject: |
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| Refinace the loan and you can get out as co borrower. |
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jenkin7
Joined: 04 Jun 2007
Posts: 4209
Location: Hawaii
661.38 Dollars($)
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| Posted: Sun Jun 21, 2009 8:58 pm Post subject: |
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Hi rweidenfeller,
As a co-borrower, you are as much responsible for the loan as your boyfriend. So, if the house is foreclosed, your credit will take a hit. To get rid of the loan, you need to refinance in your name. But since you do not make much money to make the payments for the loan, a refinance does not seem to be a possible option for you. |
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Guest
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| Posted: Mon Jun 22, 2009 10:43 pm Post subject: |
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| see he was able to afford it, and we separated and then he just said he doesn't want to pay anymore and is getting deported |
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smithsussane
Joined: 18 Sep 2008
Posts: 4424
Location: Alaska
425.51 Dollars($)
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| Posted: Sun Jun 28, 2009 10:05 pm Post subject: |
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Hi Guest!
Welcome to forums!
You should make him understand that as the mortgage deed has his name, a foreclosure will badly effect his credit score. It would be better if you could put up the property for sale and then pay off the mortgage dues from the sale proceeds.
Sussane |
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