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My Riverfront Property
| | Wednesday, June 25, 2003 @ 08:00 AM EDT
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Contributed by: schoepflin
schoepflin Properties
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I have two rentals on my Riverfront Property. I need to get my daughter's name off my Mortgage, as a co-owner. She and I both want this, as she lives in another State and wishes to buy her own place. She's a single mother and has a good income but with my house in the mix of "debts" she cannot buy another house. I am the one who has made all payments. She has no interest in my property. We both desire to remove her name. What is the easiest and fastest way to remove her as co-owner?
I would like to pay off the mortgage which is approximately $105,000 remaining. I believe the property is worth at least $300,000 now.
I need a personal Loan for pay off and I will re pay at 5%. I can pay up to $2,000/month.
Any ideas?
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