Hi all. Please be kind, I’ve learned a lot following this experience and I realize I was naive to trust family.
Location: PA, USA
I (26f) was given an “opportunity” to own a house with my parents to (in some convoluted way) make my life as a grad student easier. Years later, I’m now trying to get my name off of the deed and mortgage, as I’m already hundreds of thousands of dollars in debt over my tuition (and now this house too) and I don’t want to be tied to my parents or this house as I’m moving across the country. It feels like a weight and I can’t afford it either way. I’ve asked nicely and no dice to getting myself removed. Who can I contact to get myself out of this? Are there special attorneys to handle this? Again, sorry if this is a stupid question- I didn’t expect things to go this way. Thanks in advance.
Comments
NAL It will cost more money than not.
You can go to court and try to force sale if you are on the deed.
If you are only on the mortgage you will need to consider bankrupcy.
Consult a real estate attorney. If you’re on the deed, you have an ownership interest. You could possibly force a partition sale.
NAL
Partition sale.
If the push back, ask for your share of the property value, through lawyers. Get an appraisal and see how they react.
Do your parents live in the house? You cannot be removed from a mortgage. The loan would need to be refinanced.
Do they want to keep the house?