Posted on: 01st May, 2009 12:22 pm
My sister and I brought a house together, I want to buy her share. How do I best go about do it?
find out what the house is worth, work out an arrangement to pay your sister for her share of the equity in the house, draw up that paperwork (with a lawyer, presumably), you go find a lender who is willing to refinance the existing mortgage in your name only, close that loan, pay her and you're done.
THE BEST WAY TO DO IT IS TO REFI ONLY INTO YOUR NAME IF YOU QUALIFY AND YOUR SISTER WILL SIGN OFF AT CLOSING IF YOU NEED HELP LET ME KNOW I WILL BE GLAD TO HELP YOU DO THIS
Hi jewilliams47,
Welcome to our forum.
I would like to advice you that
IF you wants to take her share then you are responsible to pay the whole mortgage alone. Is your sister agree to sell her share to you. If she agree you can remove her name from deed & pay her share. You can buy easily her share because in my search there are no any problem to buy her share & its legal.
Make her share & pay share amount to her. That means you brought her share & make all paper work clearly by your lawyer. ts simple.
Thanks & Regards. ( :lol: :lol: :lol: )
Welcome to our forum.
I would like to advice you that
IF you wants to take her share then you are responsible to pay the whole mortgage alone. Is your sister agree to sell her share to you. If she agree you can remove her name from deed & pay her share. You can buy easily her share because in my search there are no any problem to buy her share & its legal.
Make her share & pay share amount to her. That means you brought her share & make all paper work clearly by your lawyer. ts simple.
Thanks & Regards. ( :lol: :lol: :lol: )
