Being released from a co-signer role

[LJ0318]

What is the name of your state? Massachusetts

About a year ago my brother forged my name as a co-singer, so he could buy rental property. Since then, mortgage payments have been consistently late and I have lost all control to do anything with the house not to mention how this is affecting my credit. My brother looked into re-financing the house to take me off the deed but since the City of Lowell gave him money, he cannot re-finance for another 3 years. Can I sell my portion of the house to my brother for $1? So my name can legally be off of all legal documents? Is there any other action I can take besides forcing my brother to sell the house to be relieved from my co-singer role? I realize him signing my name was illegal and can be charged for fraud, but is there another way I can get out of without taking him to court?

Any advice would be greatly appreciated.

Thank you for your time!

[pojo2]

Originally Posted by LJ0318

I realize him signing my name was illegal and can be charged for fraud, but is there another way I can get out of without taking him to court?

He deserves to be taken to court and I bet the Lending Institute would just love to find out he committed an illegal act in obtaining a mortgage.

But don't worry about it next time his illeal acts may be against someone else and you won't get into even more situations.

You are on the loan and that can not be changed without a refi.

Turn Bro in and NOW to the mortgage company as well as the police.

[justalayman]

Originally Posted by pojo2

He deserves to be taken to court and I bet the Lending Institute would just love to find out he committed an illegal act in obtaining a mortgage.

But don't worry about it next time his illeal acts may be against someone else and you won't get into even more situations.

You are on the loan and that can not be changed without a refi.

Turn Bro in and NOW to the mortgage company as well as the police.

I disagree with you pojo. If the signature is indeed a forgery, the OP could institute an action in court to have his signature removed from the documents.

The thing I see here though is the OP appears to not have had a problem with the signature originally. Now the OP is getting the short end of the stick and wants out.

I believe the OP is being less than open concerning the situation, especially the inception of the financing.

[pojo2]

Originally Posted by justalayman

I disagree with you pojo. If the signature is indeed a forgery, the OP could institute an action in court to have his signature removed from the documents.

Yes but the OP has indicated in a round about way that is not an option. Therefore the only way is a refi.

That is why I suggest going to the Mortgage company as well as the police.

I believe the OP is being less than open concerning the situation, especially the inception of the financing.

Yep!

Actually there is a WHOLE lot missing here. Such as how this was accomplished to begin with.

[HomeGuru]

yes, the entire story has not been told and the writer needs an attorney.