What is the name of your state?What is the name of your state? California
How does a person get their name removed as co-signer of a mortgage? Can the other party be sued to force a mortgage re-finance?
10 years ago, my husband co-signed a loan with an ex-girlfriend. Unfortunately, he signed a quit-claim on the house when they broke up 5 years ago so he has no legal claim to the property, just a nasty credit problem.
We have been married 3 years, and would like to refinance the house we have now and open a HELOC. Our lender turned us down, because my husband is still considered responsible for the loan on his girlfriend's house although he hasn't lived there or made payments in 5 years. She could refinance and reduce her monthly payments by several hundred dollars, but she refuses to do so and is very hostile. Is there a way to force her to do so, and therefore take her claws out of him once and for all? She refuses to be reasonable, and I can't wait 20 years for the loan to be paid off. What recourse do we have? By the way, when he signed the quit-claim, he received no re-imbursement for his share of the house. It was with the understanding that she would re-fi and release him from any liability, which she did not.
How does a person get their name removed as co-signer of a mortgage? Can the other party be sued to force a mortgage re-finance?
10 years ago, my husband co-signed a loan with an ex-girlfriend. Unfortunately, he signed a quit-claim on the house when they broke up 5 years ago so he has no legal claim to the property, just a nasty credit problem.
We have been married 3 years, and would like to refinance the house we have now and open a HELOC. Our lender turned us down, because my husband is still considered responsible for the loan on his girlfriend's house although he hasn't lived there or made payments in 5 years. She could refinance and reduce her monthly payments by several hundred dollars, but she refuses to do so and is very hostile. Is there a way to force her to do so, and therefore take her claws out of him once and for all? She refuses to be reasonable, and I can't wait 20 years for the loan to be paid off. What recourse do we have? By the way, when he signed the quit-claim, he received no re-imbursement for his share of the house. It was with the understanding that she would re-fi and release him from any liability, which she did not.