Buy Out

[meekinss]

What is the name of your state? New Jersey

When two parties are separating, both names on the mortgage, and one party chooses to refinance to keep the home and buy out the other partner, who is then responsible for the closing fees for the refinancing?

[seniorjudge]

Originally Posted by meekinss

What is the name of your state? New Jersey

When two parties are separating, both names on the mortgage, and one party chooses to refinance to keep the home and buy out the other partner, who is then responsible for the closing fees for the refinancing?

Q: When two parties are separating, both names on the mortgage, and one party chooses to refinance to keep the home and buy out the other partner, who is then responsible for the closing fees for the refinancing?

A: Whoever y'all decide on. (If you're the one wanting the place, you should be happy to pay these fees; they are usually pretty small compared to what the asset is worth.)