WORLD Law Direct Forums » Real Estate & Property Law » Other Real Estate Law Matters »

Both names on title but only 1 name on loan

 

Both names on title but only 1 name on loan

This is a discussion on Both names on title but only 1 name on loan within the Other Real Estate Law Matters forum, part of the Real Estate & Property Law category; My boyfriend has a home loan that is in his name(for his cousin) but him and his cousin are both ...

Consult Your Own Personal Lawyer Now!
Reply

Old Dec 2nd, 2008, 05:38 PM   #1
Confused Both names on title but only 1 name on loan
My boyfriend has a home loan that is in his name(for his cousin) but him and his cousin are both on the title. His cousin is living there but since the grandma passed (she was paying for the cousin) he is no longer going to pay for the monthly amount. Is there a way for this person to be evicted since my boyfriend does not live there and his cousin is refusing to move out and pay the amount forcing the house to go into foreclosure? What are his options to not have this on his credit since the loan is in his name?
Reply With Quote

Old Dec 3rd, 2008, 12:02 PM   #2
Default Re: Both names on title but only 1 name on loan
We advise never sign for somebody else like that...

If two or more owners cannot agree on what to do with a piece of property they may petition the court and the court will order a sale or refinancing etc. so that the one or more may get out of the property obligation and/or the other(s) may keep it etc.--it is often done-- (This is true in some cases even for equitable owners that have paid various amounts etc., but for various reasons, may not be on title.) You could threaten to take this action if need be. It may cause compromise which is of course what you need here now.
Reply With Quote

Reply

Bookmark & Share

Tags
None

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Add Forum to Google Toolbar


Posting Rules
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Band Names Tecjlar Copyright, Trademark, Patent 2 Jun 25th, 2009 10:43 AM
use of names/name change Unregistered Other Family Law Matters 1 Feb 13th, 2009 04:30 PM
one person two names jenifer_caballero Divorce, Separation, Annulment 0 Nov 23rd, 2008 04:59 AM
car loan - bank yet to register my name on car title even installment have been made. shahrul Credit Cards, Banking, Securities 1 Oct 20th, 2008 02:38 PM
Three names on a deed Diana Other Real Estate Law Matters 0 Jun 6th, 2008 02:28 AM

 
Doing business in China? Need legal help or advice? Contact our international and Chinese lawyers 24 hours! WORLD Law Direct offers an experienced team of American and Chinese legal professionals.