Hi all,
I’m hoping someone here might me.
I am in a situation where by myself and my (now ex) partner have a mortgage on our home. We obviously need to sell now that he has walked out however the issue is that we have other debts and now our home is also negative equity.
My question is, is it possible for him to transfer his part of the loan or claim to the house to me via some form of legal document, and then for me extend the term out a bit to try and keep the home for myself and our child instead of selling it loosing money and having no where to live. With the other debt there is no way a bank would give me a mortgage on my own?
I’m a little bit confused as to what our options are.
Thanks
I’m hoping someone here might me.
I am in a situation where by myself and my (now ex) partner have a mortgage on our home. We obviously need to sell now that he has walked out however the issue is that we have other debts and now our home is also negative equity.
My question is, is it possible for him to transfer his part of the loan or claim to the house to me via some form of legal document, and then for me extend the term out a bit to try and keep the home for myself and our child instead of selling it loosing money and having no where to live. With the other debt there is no way a bank would give me a mortgage on my own?
I’m a little bit confused as to what our options are.
Thanks