Posted on: 05th Jun, 2008 12:40 pm
My significant other and I bought a house last March together and he has not helped pay his share on the mortgage payments. Every month I write the payment from my personal checking account and deposit my entire check into the account to pay for the mortgage, etc and he gives me $100 / + or - every month for bills. I can prove that he has not paid on the mortgage since we have been there.
hello kmhampton,
welcome to the forum,
since your significant other is not pulling his part of the agreement then you can consider to do this on your own.
i am not telling you to do this but you can consider taking your significant other off the title and the note.
to get him off the title first you will need to do a quit claim where he signs over the interest of the home to you.
second, you can do a refinance with just you on the note.
you must think about the repercussions if you quit claim and refinance. if you are married i would suggest getting some counseling.
jeanette smith
union mortgage group
mortgage planner
www.union-mtg.com
welcome to the forum,
since your significant other is not pulling his part of the agreement then you can consider to do this on your own.
i am not telling you to do this but you can consider taking your significant other off the title and the note.
to get him off the title first you will need to do a quit claim where he signs over the interest of the home to you.
second, you can do a refinance with just you on the note.
you must think about the repercussions if you quit claim and refinance. if you are married i would suggest getting some counseling.
jeanette smith
union mortgage group
mortgage planner
www.union-mtg.com
Hi KmHampton,
Welcome to the forum.
I don't think that you can quitclaim to remove you partner from the deed. Actually if you quitclaim the property to your partner that means you are transferring the property to you partner and removing yourself from the deed. So don't quitclaim.
I think you should talk to your partner and ask him to contribute his share for the mortgage payments. Otherwise ask him to quitclaim the property to you as you are paying the total amount of the mortgage payments. If he quitclaims then you may need to refinance the mortgage on your name as you will ber the only owner of the property.
Hope this helps. Keep us posted :)
Best of luck,
Larry
Welcome to the forum.
I don't think that you can quitclaim to remove you partner from the deed. Actually if you quitclaim the property to your partner that means you are transferring the property to you partner and removing yourself from the deed. So don't quitclaim.
I think you should talk to your partner and ask him to contribute his share for the mortgage payments. Otherwise ask him to quitclaim the property to you as you are paying the total amount of the mortgage payments. If he quitclaims then you may need to refinance the mortgage on your name as you will ber the only owner of the property.
Hope this helps. Keep us posted :)
Best of luck,
Larry
What a mess you have? He is on the note and on the title but doesnt contribute anything? He knows you are paying everything so basically why should he? You need to discuss buying him out. Why else would he want to be taken off the deed? Actually he would be foolish to quitclaim since he is on the note. Then he would be financially responsible for a home that he no longer owns. Good Luck.
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