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Yangjee Sherpa
  • Investor
  • Santa Fe, NM
2
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20
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Taking over mortgage of my partner

Yangjee Sherpa
  • Investor
  • Santa Fe, NM
Posted

Hello Everyone!

My partner ( who is my own cousin) wants to get out of mortgage and move on to different state with her husband. I do not have my name on the mortgage but just a deed was made separately to be as a partner. So my question is there a way to move the mortgage on me without paying any additional cost like closing cost and gross receipt which usually paid by sellers? Is there anything I need to keep an eye on? We did 25% down when we bought it and we are currently living in this house together. Any thoughts and ideas will be appreciated.  

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