Friday, March 24, 2017

Is it legal for a co owner of a house to get a refinance and title name change without other co owners permission?

I own a house with a relative and we are getting a refinance. The broker wants the new loan only to be in my relatives name and now a few days from closing says they are taking my name of title before closing, apparently not needing my permission. How is this legal? I told him we are both on current mortgage and title and I paid over 40k cash on down for the house, I will not allow my name to not continue to be on title. He said it's legal without me even being here or signing… How is this possible? Thanks.

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