Another Real Estate Question
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Another Real Estate Question
Posted by pakowitz on 2/12 at 11:02 pm
my ex girlfriend and I bought a house together last year and we broke up recently. After the breakup, she moved out. She has refused to make any payment toward the Mortgage and I have been paying it on my own for the last few months. Is there any recourse I can take to get 1/2 of my money back from her or am I just out of luck and will have to keep paying it on my own if i don't want to ruin my credit?


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Posted by lsubandmom on 2/12 at 11:50 pm to pakowitz
If you both signed on the mortgage, you are both responsible. She will always be responsible unless you refinance without her. If she isn't going to assist you in paying the mortgage, I would see about having her sign over her interest in the home to you. If it is too much for you to handle on your own, you may need to sell it. Did you get 100% financing or did either of you put money down for the purchase? You both will be responsible for any deficit if selling it doesn't pay off the mortgage. Good luck and if you need any help, let me know - I work in real estate in Lafayette.


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Posted by pakowitz on 2/12 at 11:59 pm to lsubandmom
thanks for the response.

I was told by someone that because I am still living in the home and she chose to move out, that I would be the one responsible for the mortgage payments.

Do you know if this is true?

If we ended up selling the house for less than would cover the mortgage would she end up having to pay more then me?

Thanks again!



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Posted by NC_Tigah on 2/13 at 12:02 am to lsubandmom
quote:

If you both signed on the mortgage, you are both responsible. She will always be responsible unless you refinance without her. If she isn't going to assist you in paying the mortgage, I would see about having her sign over her interest in the home to you. If it is too much for you to handle on your own, you may need to sell it. Did you get 100% financing or did either of you put money down for the purchase? You both will be responsible for any deficit if selling it doesn't pay off the mortgage. Good luck and if you need any help, let me know - I work in real estate in Lafayette.

quote:

pakowitz
Listen to bandmom.
and hopefully you either got a really good purchase price, or she signed papers with you.



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Posted by lsubandmom on 2/13 at 12:48 am to pakowitz
No, you are both responsible if both signed. The lender doesn't give a flip who is living in it. If she signed, she promised to pay. Hopefully you would be able to sell it for enough to pay off the mortgage but if not, you would need to talk to your lender about a short sale unless you are able to come up with the difference. Depending on the lender, they may hold you both responsible for the difference or they may write it off. It isn't split in any way, you are both responsible for the full amount. A short sale will show up on both your credit report and hers, but not as bad as a foreclosure.

You are going to need for her to cooperate with you on the sale of the house and a short sale if she is on the deed.


This post was edited on 2/13 at 12:51 am

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Posted by Crimsonsaint24 on 2/13 at 5:43 am to pakowitz
This is a example is she did sign it don't buy a house until you are married or damn well sure she is the one. It will be a fun ride if she is on the mortgage maybe she will cooperate. I wish you the best of luck!


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Posted by yellowfin on 2/13 at 7:09 am to pakowitz
If she's listed on the mortgage her credit will be ruined too. It's a little late but buying a house with someone you aren't married to has got to be one of the dumbest things you can do.


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Posted by I Love Bama on 2/13 at 8:34 am to yellowfin
quote:

It's a little late but buying a house with someone you aren't married to has got to be one of the dumbest things you can do.


Mind boggling really. If op would have asked anyone's opinion he could have saved lots of money and heartache.



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Posted by bryso on 2/13 at 9:14 am to pakowitz



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Posted by bryso on 2/13 at 9:17 am to pakowitz
quote:

I was told by someone that because I am still living in the home and she chose to move out, that I would be the one responsible for the mortgage payments.



if that were the case people would just move out of houses so they dont have to pay the note



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Posted by nikki6 on 2/13 at 11:33 am to bryso
I bought a house with my gf, but we're not allowed to be legally married, otherwise we would be. We did get a lawyer and had a joint tenancy with right of survivorship agreement written up. If we ever break up, we'll probably sell the house unless one of us buys the other out. We put down equal downpayments as well. Luckily for us, we've been together almost 8 years now and it's still awesome, and we live in an area of Dallas that is desirable right now. If we had to sell, we wouldn't lose any money on the house. We'd actually both make a little profit.

But back to OP. If we could legally be married, like your girlfriend and you, we would have done so before making such a large purchase. Even if you can afford to make the payments and keep the house, her name is still on the papers. She owns half and if you ever do sell down the line, she will be entitled to half, even though she didn't contribute financially.



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Posted by I Love Bama on 2/13 at 1:01 pm to nikki6
Is gf code for bf? I'm confused


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Posted by AUtigerNOLA on 2/13 at 1:07 pm to I Love Bama



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Posted by Powerman on 2/13 at 5:21 pm to I Love Bama
quote:

Is gf code for bf? I'm confused


nikki is a girl's name



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Posted by NC_Tigah on 2/13 at 6:27 pm to Powerman
quote:

nikki is a girl's name






This post was edited on 2/13 at 6:30 pm

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Posted by nikki6 on 2/13 at 7:14 pm to NC_Tigah
Uh, I didn't think I'd have to spell it out. Nikki is indeed a girl's name and I mentioned that it wasn't legal for my gf and I to get married, hence why I bought a house with my gf and not my wife. Unlike op, I had no choice, but we still tried to take some legal actions to try and protect ourselves.
Get it now?



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Posted by I Love Bama on 2/13 at 9:44 pm to nikki6
I think you're the first resident lesbian. Hit me up on gchat and let's talk about it.


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Posted by bryso on 2/13 at 9:48 pm to nikki6
quote:

I bought a house with my gf, but we're not allowed to be legally married


ok.. you're jerkin that spinner bait just right... i'll bite...



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Posted by bryso on 2/13 at 9:49 pm to I Love Bama
quote:

I think you're the first resident lesbian. Hit me up on gchat and let's talk about it.



hawt damn



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Posted by Fat Bastard on 2/13 at 10:24 pm to yellowfin
quote:

It's a little late but buying a house with someone you aren't married to has got to be one of the dumbest things you can do.


^^^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^^^^^^^^



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