Posted on: 13th Aug, 2013 12:28 am
Both our names are mentioned on the property deed. But only his name is on the mortgage. Can I just leave the property or will I be responsible if he defaults on the mortgage?
If your name is not mentioned on the mortgage doc, then you are not liable for the mortgage payments. If you leave the property, the lender will not be able to come after you.
Hi Hannah,
You can leave the property when you feel like. You can even transfer your share of the property to the other owner. The mortgage will not have any impact on you as your name is not mentioned on the mortgage docs.
Thanks
You can leave the property when you feel like. You can even transfer your share of the property to the other owner. The mortgage will not have any impact on you as your name is not mentioned on the mortgage docs.
Thanks