Saturday, 28 February 2015

For the past 5 years I am making all the payments on a property that I am a comortgager on. The property is held under a joint tenancy and I...

Question

For the past 5 years I am making all the payments on a property that I am a comortgager on. The property is held under a joint tenancy and I wanted to refinance to get a lower payment but the comortgager won't sign off on the loan or a quit claim deed. I don't want to lose the property what are my options ?

I heard of something called a partition ?



Answer

Yes, you may be able to file a partition action to get the court to set the rights of the respective owners. Speak with an attorney on the process.



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