What are the legal rights to joint mortgages?
If two people are the mortgage holders on a residential property, are both parties legally responsible for fulfilling the mortgage? Here is the situation:Myself and a boyfriend purchased a home.The boyfriend never moved into the home; he still resides in his previous home which is now owned by his "corporation".I can no longer afford the sole responsibility of the mortgage and want to know if legally he is entitled to pay half or a portion. by kristinorr from , . Aug 6th 2009
Debra Clark (Debra Clark)
#146 ranked lender in California - 42 contributions
If your boyfriend is one of the joint holders of the mortgage, he is legally responsible to pay a part of the mortgage debt.I suggest that if you're not at all able to handle the mortgage payments, better consult the lender on what option he wants you to pursue, so that you can remain current on the loan. And also, have a talk with your boyfriend as to what his intention behind not paying for the loan.
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