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  #1  
Old 11-07-2001, 08:21 PM
janae1125
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Question

Co-owner wants to sell


Florida: My best friend is co-owner of a house with her ex-boyfriend. She is no longer living there and he is currently making the payments. Best scenario is he would buy her out but he cannot qualify on his own. He doesn't want to sell but she needs to get out from under it. What are her options? I appreciate any advice.
  #2  
Old 11-07-2001, 09:19 PM
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Location: Catatonic State
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Partition suit.
  #3  
Old 02-20-2002, 07:29 AM
janae1125
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Question

new development


He is now wanting to keep the house and has asked her to sign a quit claim deed and is going to pay her what he feels is an appropriate buy out amount. From what I have read, quit claim deeds look like a bad idea. Can he simply buy her out and refinance at the same time? Thanks for your help.
  #4  
Old 02-20-2002, 11:25 AM
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When he refinances, part of the money from the lender will be used to buy her out. Tell her DO NOT sign anything until she is guaranteed to get her money from escrow. She is to sign in escrow after she consults with an attorney.
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