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HOWITZER55
Aug 30, 2009, 04:35 PM
How do I assume full responsibility for a mortgage that I co-signed for my daughter. I have already assumed paying the mortgage. She approved of my taking over.

Thanks

excon
Aug 30, 2009, 04:40 PM
Hello H:

In other words, how do you get the daughter off the mortgage... The answer is, you don't. The bank isn't going to let her off. Why would they?

Let's hope you're on the title, or you'll be buying your daughter a nice home.

excon

HOWITZER55
Aug 30, 2009, 05:15 PM
Can the primary mortgage holder quick claim the mortgage to me the co-signer? My daughter wants out. I am already living in the house and paying the mortgage for two years. What are my options?

ScottGem
Aug 30, 2009, 05:21 PM
A mortgage is not property that cen be transferred to another party, at least not without the lender's approval.

What you need to do is obtain your own financing and buy your daughter out.

excon
Aug 30, 2009, 05:47 PM
Hello again, H:

Please keep all your responses to the same problem on the same thread.. It makes it easier to connect all the dots.

excon

Fr_Chuck
Aug 30, 2009, 06:40 PM
No, there is not such thing, You can have the mortgage company refi to you,