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Old 05-04-2008, 09:38 PM
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Join Date: May 2008
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Get out of mortgage agreement

What is the name of your state? VA.

I bought a house with my partner and want to see about getting out of it. What can I do? Can she buy me out? If she can't, do we have to put the house up for sale?

If I just "leave" what can she do to me? What am I required to do legally?

Thanks for any advice.
MeOhMy4
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Old 05-05-2008, 09:27 AM
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Join Date: Dec 2005
Location: Ohio
Posts: 31,781
Quote:
Originally Posted by MeOhMy4 View Post
What is the name of your state? VA.

I bought a house with my partner and want to see about getting out of it. What can I do? Can she buy me out? If she can't, do we have to put the house up for sale?

If I just "leave" what can she do to me? What am I required to do legally?

Thanks for any advice.
MeOhMy4
Your partner could buy you out and refinance if she chooses. She does NOT have to agree to sell the house however.
She can not pay the mortgage and ruin your credit. She doesn't have to refinance leaving you on the mortgage note. You are required to do nothing but realize there are consequences as the bank will hold you liable for the mortgage as long as you are on it.

You could file a partition suit but that will NOT be over quickly and will cost you thousands of dollars most likely
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Parents should remember three things: Love your kids more than you hate your ex (or soon to be ex) & when you have children the relationship with the other parent is until death parts you & how you treat your children determines what type of nursing home you end up in.


Nothing stated by me should be taken as giving you legal advice or forming an attorney/client relationship. The devil is in the details after all.

Licensed to practice law in Ohio and a Guardian Ad Litem for children
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