Submitted by imessedup1603 t3_yi9p3u in personalfinance
Hi all,
So three years ago my ex and I bought her parent's home to help them during a tough financial situation. We were also living with them then, so it made sense at the time. However, as you can tell, my ex and I are no longer together. I bought the home under the stipulation that her parents would be soon buying the home, as they were about to come into a sizeable amount of money after selling off the land they owned.
Since then, I have not been able to get rid of this home/mortgage. Back in maybe 2020, I was convinced to remove my name from the title of the home. I know now that that was a big mistake. Following that, every few months it seems that her/her family are taking steps to either refinance or the home is in the initial steps of being purchased by the parents.
However, this has been continuing for around 3 years and nothing positive has come out of this, as my name is on the mortgage still and I have no claim (title) to the home.
What should/can I do from here? I want to get rid of this mortgage as I've vastly moved on with my life (new city, new career, and new relationship). I feel super ripped off by this situation, and so I want to take all/any necessary steps for this.
Tl;dr Need to get myself out of a mortgage with my ex. What should I do?
Clarification:
-Just to update this as I've seen it come up a few times; my ex/her family has been paying the mortgage on time since the beginning. I have not paid anything towards this.
The mortgage is also in both my name and my ex's name, as her credit alone was not strong enough to secure the mortgage loan at the time
Update:
I've put myself into gear and started contacting local real estate lawyers for this. I looked into the quit claim deed itself in the meantime.
Looks like yes, it did go through and I screwed myself there. But also, it looks like that earlier this year, a quitclaim deed was done by my ex.....and made her father the sole name on the title. I'm so frustrated with myself.
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