HOME LAW INSURANCE

Search      

Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Mortgages, Refinancing & Foreclosure
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read



               


Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 04-23-2008, 04:01 AM
Junior Member
 
Join Date: Mar 2008
Posts: 2
Unhappy

Refinancing to get Ex out


I am currently in the process of refinancing the mortgage on my house to get my Ex's name off the loan and title. I made the stupid mistake of purchasing the house with my boyfriend, and we signed an agreement with my lawyer stating that if we were to break up one of us would either buy the other out or we would put the house up for sale, each taking out what we put into it first and then splitting any leftover equity. Well I currently have around 100k into the home and he has nothing. The house has been up for sale for months and if it sold for what it is currently listed then I would end up losing about 10k. When I first started the refinance process my ex was fine with not getting anything (it's a stretch for me to qualify for the current loan amount let alone taking out any more to give him anything, plus if it sold he wouldn't get anything anyway) but now he is saying that even if I do get the loan in my name that he won't sign the papers to take his name of the title unless I pay him money (the amount he wants changes regularly from 2k-5k) My question is, I am guessing I will have to go to court to force him off the title and I'm just wondering if anyone knows how judges usually handle these situations? I am doing everything I can to get out of this crappy situation and he is doing everything he can to make it as difficult as possible. Please help!
P.S. anyone thinking about buying a house with a boyfriend DON'T DO IT!!! Stupidest thing I've ever done!

Any advice on anything I can do would be much appreciated!
Reply With Quote
  #2  
Old 04-23-2008, 01:32 PM
Senior Member
 
Join Date: Feb 2007
Posts: 4,978
Going to court will cost you as much as he is asking. Give him a lowball offer to buy out his interest in exchange for a little cash plus release from the mortgage and see where that gets you.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump



Find a Lawyer
Step 1:
Step 2:
 
Find a Lawyer
Post Your Case
Post your case and have it reviewed by a highly respected attorney. NO Cost, NO obligation, NO Fees! Get started now »
Get Legal Forms
Download 36,000+ forms »


All times are GMT -5. The time now is 08:34 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top                                        


IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.