When I got my mortgage 16 years ago I had a friend co-sign, he was the primary borrower, I had no credit history at the time. I have made all payments, he is in& out of jail, I don't know where he is. I did get a quit claim in 2001 from him, he is still on the mortgage. I am going to pay off loan soon, do I need to find this person to do that? What if I can't find him? Thanks.

I don't think you need to find him to pay off the mortgage. If the deed is in your name only - then don't worry about it. After you make your last payment, you will get the mortgage and note that should be stamped saying "paid in full".

I certainly hope that the quit claim deed was made out properly, executed, notarized, and recorded. If this person with a troubled past had judgments, tax liens etc, prior to the recordation of the QC deed, those bad things could attach to the property. The above post was correct; you don't need to find that person in order to pay off the mortgage.

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Originally Posted by alice222

When I got my mortgage 16 years ago I had a friend co-sign, he was the primary borrower, I had no credit history at the time. I have made all payments, he is in& out of jail, I don't know where he is. I did get a quit claim in 2001 from him, he is still on the mortgage. I am going to pay off loan soon, do I need to find this person to do that? What if I can't find him? Thanks.

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An update from Alice 222: Everything was properly filed and the house is paid off and in my name only. I just want to say that I am a person who needed a co-signer and I did NOT default on the loan. I was never late on the payments, either. Not the story you usually hear, but it can happen... Thanks for your reply.

Hello again, Alice:

I don't want to sound holier than thou. I became an expert in credit having gone through my own troubles. I now pay my bills too.

excon