Posted on: 20th Oct, 2010 01:15 pm
My Boyfriends ex wife grandma deeded the house we have been living in for the past year to him. She got it from a guy who borrowed the money from another friend of their and the Promissory note is in the guys name and their friend name. Their friend has passed away this year.. i just want to know who has to make the payments since my boyfriends name is not on the Promissory note. Do we still make the payment like we have been or not
hi pemberton!
welcome to forums!
if your boyfriend's name is not mentioned on the mortgage doc, then he is not liable for the payments. however, if the lender does not receive the payments on time, he may foreclose the property. thus, if your boyfriend wants to save the property, then he can refinance the mortgage and transfer it in his name and pay off the dues.
feel free to ask if you've further queries.
sussane
welcome to forums!
if your boyfriend's name is not mentioned on the mortgage doc, then he is not liable for the payments. however, if the lender does not receive the payments on time, he may foreclose the property. thus, if your boyfriend wants to save the property, then he can refinance the mortgage and transfer it in his name and pay off the dues.
feel free to ask if you've further queries.
sussane