View Full Version : Mortgage contract between two people
chata1213
Oct 16, 2007, 07:52 PM
I would to ask how do I get out of a mortgage contract on a house I purchased with someone else?
excon
Oct 17, 2007, 06:07 AM
Hello chata:
Have them re-finance. Short of that, you're not going to get off.
excon
pacific nw
Oct 17, 2007, 10:45 PM
I agree with excon.
Refinance, sell the house or let it go to foreclosure. (Nasty bit.) Your Credit Report will be one big open sore for quite a while.
Why did you jointly buy and why do you want to get out of it?
You should check and see if it is actually a Mortgage or if it is a Deed of Trust.
Is it held by a Bank or by a private individual?