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re: Another Real Estate Question

Posted on 2/13/13 at 12:02 am to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124183 posts
Posted on 2/13/13 at 12:02 am to
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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