<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by Drs1058:
My financee's mom and financee bought a house together 18 months ago. Her mom has never made her share of the mortgage or upkeep on the house since moving in. It is a joint tenancy arrangement and both daughter and mother signed on the mortgage and are listed on the title. How can she get her freeloading mom out of the house since she pays for all the mortgage payments and upkeep on the house without selling the house? Her mom put in $30K as a down payment when they bought the house and she put in 15K down. <HR></BLOCKQUOTE> Additional information. THe mom is heavily in debt and now wants daugther to move out and continue making all of the mortgage and upkeep payments on house. (What planet is her mom from). THe mom was offered the $30k, but refused to be bought out and wanted daughter to refinance house to get her out of debt ($50K debt). THe mom is not working with a full deck, but has a good paying job ($45K) and is the biggest deadbeat I have ever seen. Can any of these options be worked?
1. Can my financee move out and be released from the loan and her interest in the house? 2. Can my financee refinance house in her name and take over by severing the joint tenancy? 3. Can financee sue mom for back mortgage payments and get default judgment to take freeloading mom off the current title & mortgage? 4. What is financee's options with regards to the house if freeloading mom goes bankrupt , will they lose the house or will daughter be able to take over if she re-affirms the loan? There is only about 12,000 gain in equity in the house since they bought it. I am going to get some advice from a attorney, but thought it might be nice to know options before going in and paying for consultation. Thanks.