All Forum Posts by: Kaylyn T.

Well done @Douglas Larson! Great idea and looks amazing.

Hey welcome! Sending you a connection.

Hey welcome! I have a rental in Rockland, where are you located?

Hey @Frank Jiang thanks for your response. I see what you mean. I have to get them off the mortgage and the only way to do that would be refi. Correct? Thanks

Hey @Ned Carey thanks for the answer. I do understand that the mortgage is something different, I just wanted to clarify in case anyone asked what kind of property. But what you're saying is good information. Question - if the current co-owner is no longer on the on the deed and title and no longer owns the house, why would they still legally be responsible for the mortgage? Please clarify if you don't mind.

Thank you! Kaylyn

Hi BP community,

I want to buy my co-owner out of a property. Does anyone know if it's possible to pay all cash to take their name off of the deed, thereby avoiding closing costs, refinancing, capital gains, etc? It's a single family home with about 50k left on the mortgage. If it can be done, what are some ways that would work?

Thanks!

Kaylyn

Thanks everyone for the feedback. We'll see what happens after the test comes back. Very grateful for all of your responses! Kaylyn

Thanks for the detailed response @Amy A.. I'm definitely going to get the test done as the house was built in 1890 and does have a dirt floor. Interesting that my other house in the area also has a dirt floor, but I bought that 15+ years ago so I'm guessing this has become a bigger deal since then. Also, thanks for reminding about the due diligence period. I need to double check my deadlines! Kaylyn

Thanks @Kelly N. for your reply and telling me about your experience.

Thanks for the feedback @Steven Picker, @Jay Hinrichs. @Mindy Johnson yes radon is apparently becoming more prevalent throughout the area. I'm curious @Gilbert Dominguez, if you have had properties that have tested positive for radon and if so, have you elected to not buy because of that? I definitely respect your opinion on this and would like to learn more. The others on here are giving me the impression that it is an easy fix. I'm interested to know if it could possibly affect the resale value of the house? Or are the fixes not 100%? I do intend to keep it for several years so it's not a flip, but would assume I would have to disclose this information at sale. Anyone had problems selling after fixing a radon problem? Thanks!