Shared ownership of existing estate

Questions: I need an answer asap!!my boyfriend and i broke up and both our pet name is on the deed but i am not on the loan. i've be paying half of everything since the formation of the purchase.we put 13,000 down i put 3,000 he put 10,000.i want my name to be remov

Since you have benn paying into the property I hope he is buying your share out

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your nickname removed from the deed? Both of you must sign, but you can profile a Quit Claim deed within his name singular. The key is - he must sign as okay so if there are issues, this may be a problem. Answers: He will call for to get a prompt claim deed done to hold your name removed. See if he is likely do a cash out refi to offer you back what you put into the home. But he can never refi or go the property without you mortal on the title and deed. You’re not responsible for the donation but if anything does wrong it will show on your credit.

You call for to see a lawyer..NOW.

yes i want my heading to be removed.i already told him and we both agreed. how does it work and how long will it be?since i paid partially of everything, can i get my event share?if not i jst looked-for out and move on....

You're if truth be told in a better position than your ex-boyfriend. The Deed is your legally recognized title to the property. Since your name is on the title (the Deed), you enjoy joint ownership (and depending upon your state, surrounded by tenancy or contained by common) of the property.

Since only your ex- is on the (promissory) write down, it means that he is the single party liable for repaying the details. You're not. If the bank is going to stir after anyone, it's going to be him and not you.

The lender will probably file suit to foreclose on your jointly-owned property. This process that you'll be named a jamboree to the foreclosure lawsuit. If the property does get foreclosed and is sold for smaller quantity than the loan amount, the bank can singular go after your ex-. You, in opposition, face the valid possibility that you will lose everything that you invested in the property, e.g., the $3,000 and your share of the monthly payments you made. That's not so fruitless, is it?

If you want to take your signature of the Deed, all you own to do is file a Quit Claim Deed near your county through your County Recorder of Deeds.

It's that simple.

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Shared ownership of existing estate