That's it really.
Ex's family home was mortgaged and got a further secured loan to pay his debts of...using mine and his mothers earning so all 3 of us own it.
we split 5 years ago.
His family continue to live in the house and between them pay the installments for the mortgage and loan (I contributed while we were together despite not being able to afford it, but stopped when we split).
I have no access to this property, I have not use for it (in wrong part of world), I cant gain any value from owning it like getting an income from rental, and have the constant worry or default payments (ex financial irresponsibilty)
Ex's family have no intention of selling any time soon and as there are three of us its unlikely I would be able to force the issue.
Ex is not in a position to refinance and his family are retired.
So , is there a way - without selling or formally remortgaging to pay off the debts - for me to 'hand the property back' and get my name off the mortgage and loan?
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If i do not live in the house and never will.....can I pass ownership and responsibility for mortgage and secured loans on property to Ex and family ?
2 replies
TICKLETUMBLE · 21/03/2013 14:22
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