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    HOWITZER55's Avatar
    HOWITZER55 Posts: 2, Reputation: 1
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    #1

    Aug 30, 2009, 04:35 PM
    Assuming a co-signed mortgage
    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    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's Avatar
    HOWITZER55 Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Aug 30, 2009, 05:15 PM
    Can mortgage be quick claimed to co-signer?
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    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's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #5

    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #6

    Aug 30, 2009, 06:40 PM

    No, there is not such thing, You can have the mortgage company refi to you,
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