Updated over 8 years ago on . Most recent reply
2 co-owners on title to property, one co-owner wants to buy out.
2 co-owners (on title as joint tenants) to a residential property market valued at 218k in equity with no current mortgage, one co-owner wants to buy out the other co-owner for half of the market value at 109k with 9k down. What would be considered the most logical method to use in this situation? Creative financing, a home equity line of credit, or cash out refinance, ect? A conventional 15 or 30 year mortgage would not be applicable at this point I would assume since the property is already purchased. Any advice would be greatly appreciated. Thanks BP!