Question by Tommy: Refinancing A Mortgage?
My friend has an existing mortgage on a condo with an ex-boyfriend. I have been told by a real-estate pro that if she refinances the loan she can get her name off the mortgage and move on with her life.
Obviously the ex-boyfriend needs to give consent to refinance and take control of the loan. My question is what legal abilities does my friend have if he refuses to take the loan from her?
Answer by snowboarder
She doesn’t she entered a legal binding contract to buy the place so unless he lets her out she is sol. she doesn’t have to refinance the loan either he has to refinance the loan to his name.
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