- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Another Real Estate Question
Posted on 2/12/13 at 11:50 pm to pakowitz
Posted on 2/12/13 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.
2
Posted on 2/12/13 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!
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!
Posted on 2/13/13 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:Listen to bandmom.
pakowitz
and hopefully you either got a really good purchase price, or she signed papers with you.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News