What is the name of your state? CT
Hello. Thank you for your help in the past. Here's a little history. You can see more in the General Questions section in the thread labeled 'Advice Please - joint mortgage'. I am now at a point where I'm forcing a sale of my jointly owned home. I can't live with this abuser any more.
I am looking into the possibility of my buying another house while I still have this one on my credit report, and I can't carry two mortgages based on my income. I want to buy another house before this one sells, since I have pets and am unable to rent, and it is dangerous to live with this man throughout the process of taking him to court.
I was just speaking with this Creative Financing place (or something like that). They say that I can get another mortgage with this house still in my name in two different ways:
1. If B would agree to let me put another mortgage on the house, I can get a 'wrap-around' loan. This would allow me to buy another house right away, and when this house sells the 'wrap-around' part goes away.
2. If I go to Staples and buy a lease, I can lease to someone in my name only, and the person would never actually have to live there. The lease would state $1,450/month for a year. If one of my friends would sign the lease papers, I can get another mortgage for another house, because the lease papers would cancel the mortgage debt on my credit report. I could probably get one of my friends to sign something. The lease would have to say something like "lvfnchs will be closing on 8/30, so I will move in and begin the lease on 9/1". The guy says I would not need B's consent to do this.
Does this sound right and possible to you legal experts out there?
Hello. Thank you for your help in the past. Here's a little history. You can see more in the General Questions section in the thread labeled 'Advice Please - joint mortgage'. I am now at a point where I'm forcing a sale of my jointly owned home. I can't live with this abuser any more.
I am looking into the possibility of my buying another house while I still have this one on my credit report, and I can't carry two mortgages based on my income. I want to buy another house before this one sells, since I have pets and am unable to rent, and it is dangerous to live with this man throughout the process of taking him to court.
I was just speaking with this Creative Financing place (or something like that). They say that I can get another mortgage with this house still in my name in two different ways:
1. If B would agree to let me put another mortgage on the house, I can get a 'wrap-around' loan. This would allow me to buy another house right away, and when this house sells the 'wrap-around' part goes away.
2. If I go to Staples and buy a lease, I can lease to someone in my name only, and the person would never actually have to live there. The lease would state $1,450/month for a year. If one of my friends would sign the lease papers, I can get another mortgage for another house, because the lease papers would cancel the mortgage debt on my credit report. I could probably get one of my friends to sign something. The lease would have to say something like "lvfnchs will be closing on 8/30, so I will move in and begin the lease on 9/1". The guy says I would not need B's consent to do this.
Does this sound right and possible to you legal experts out there?