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sportymom003 · Joined: 26 May 2009 Posts: 1 1.00 Dollars($)

I am divorced and have a house with my ex. We have decided not to sell as to not lose equity we have in the house (and to keep kids in school district). My boyfriend would like to buy out my ex's half of the equity, who has agreed to this option. What are the forms necessary to start and complete this process? And if the equity buyout cannot take place, what would be some other options as far as the boyfriend and I making the payments with my ex still on the title?

smithsussane · Posted: Tue May 26, 2009 8:42 pm Post subject:

Hi sportymom!

Welcome to forums!

Your ex-husband needs to sign a quitclaim deed and transfer the property to your boyfriend. He should mention the amount for which he sold the property in the quitclaim deed. As far as the mortgage in the property is concerned, your boyfriend needs to refinance it. If your ex remains on the title, he would be considered one of the owners of the property and can claim the property.

Feel free to ask if you have further queries.

Sussane

sunil87020 · Joined: 04 May 2009 Posts: 339 26.96 Dollars($)

Refinacing is better choice

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