Posted on: 03rd Feb, 2011 08:40 am
me and friend own a property but only my name is on the loan documents is name is not there and both names are on the deed of trust. we cannot refinance it because the value of the property has dropped to half of the price we bought the property. what can i do to be out of the loan?
Hi teejee,
You will have to sell off the property and pay off the mortgage in full in order to be out of the loan.
Thanks
You will have to sell off the property and pay off the mortgage in full in order to be out of the loan.
Thanks