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  #1  
Old 03-29-2006, 11:55 PM
Junior Member
 
Join Date: Mar 2006
Posts: 2
Unhappy

need help


What is the name of your state? TN
My fiance and I bought a home with the help of my aunt. She did what was called a buy for which will put the house in my name if my credit is good enough after 2 years of paying on the house. We put 5000 down on the house and she and my uncle put 4000 down. We, after 7 months, are wanting to move. But we don't know if they could hold us responsible for the remainder of the mortgage. please help me figure out what I need to do about this situation.
thank you, Diana
  #2  
Old 03-30-2006, 05:22 AM
Senior Member
 
Join Date: Aug 2005
Posts: 1,964
So we do not misunderstand are you saying you want to walk and leave the aunt and uncle holding the bag on this mortgage?

Whose name is on the mortgage? If it is not in yours then yes you can walk away and screw over the people who only tired to help you.

If it is in your name then yes you are accountable for the payments or sell of the property and if you do not pay the mortgage or sell the house, again you ruin the credit of the people who tried to help you.

Every one of these statements depends on the answer to the few quesions I ask you.
  #3  
Old 03-30-2006, 10:37 AM
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Join Date: Mar 2006
Posts: 2
Unhappy

I think the mortgage is in their name. It is not like I just want to leave them high and dry. There have been things happening that make it seem like they want us to move. I can't just sell the property because it is a double wide and it sits on my aunts mothers land, supposedly. They decided to raise the lot rent. There are other things also. But I think that if we did move out my aunt would get her daughter to move in and I think that is waht the whole conspiracy is about. Her daughter did not even want us to move in here to begin with.
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