Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

I am the co borrower of a home I lived in with my ex boyfriend, we split up how do I get out of it?

Author Message
Icon Mini Profile rweidenfeller





Joined: 20 Jun 2009

Posts: 1

1.00 Dollars($)
Post 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
Like 0
Dislike 0

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.
Icon Mini Profile smithsara302





Joined: 12 Jun 2009

Posts: 116

-2.38 Dollars($)
Post Posted: Sun Jun 21, 2009 4:44 am    Post subject:
Like 0
Dislike 0

Refinace the loan and you can get out as co borrower.
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Sun Jun 21, 2009 8:58 pm    Post subject:
Like 0
Dislike 0

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.
Guest









Post Posted: Mon Jun 22, 2009 10:43 pm    Post subject:
Like 0
Dislike 0

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
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Sun Jun 28, 2009 10:05 pm    Post subject:
Like 0
Dislike 0

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
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.078 seconds.