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Home »  Forums » Consumers - Questions, Answers, Help » Mortgage Questions » If 2 people are on the mortgage and 1 person wants to get out of the mortgage, can they force the other party out of the house?

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Post Statistics: 586 Views, 2 Replies
Latest Post: Wed, Sep 2 2009 5:19 PM by Voyage Home Loans
  		• Sun, Aug 30 2009 10:14 AM
    • Anonymous
    If 2 people are on the mortgage and 1 person wants to get out of the mortgage, can they force the other party out of the house?
    If 2 people are on the mortgage and 1 person wants to get out of the mortgage, can they force the other party out of the house?
     
  • In Reply to This Post
    		 Tue, Sep 1 2009 3:22 PM

    The answer to that is no...if the person staying in the home is making payments on time there is no reason that they should force them out of the home.  The best bet in this situation is to have the person staying in the home to re-finance the mortgage into there name only at that time.  Calling a reputable broker would be a good idea at this time and have them look into the re-finance for you.  In the above Directory link you should be able to find a Loan Officer in your state to work with, they should be able to help the person staying in the home find the right loan program for the re-finance.
    Jill Statz
     - View My Profile
    Loan Officer
    At Home Mortgage, LLC
    Become a Premium Member »
  • In Reply to This Post
    		 Wed, Sep 2 2009 5:19 PM

    I do agree with Jill that finding a siold broker is critical.  In addition to that you may want to contacta attorney about any issue's of equity or financial responsiblity.  Depending on the state you may live in, a attorney state would require you to contact a attorney in regards to a mortgage transaction. But to force one out would be difficult at best.  My best suggestion would be to see if there is a mutual ground you can find and move forward from there.  Wish you the best.

    Voyage Home Loans

    Mike Kim

    Voyage Home Loans
     - View My Profile
    VoyageHomeLoans1
    Become a Premium Member »
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