1. Free Legal Help, Legal Forms and Lawyers. TheLaw.com has been providing free legal assistance online since 1995. Our most popular destinations for legal help are below. It only takes a minute to join our legal community!

    Dismiss Notice

co-owner opts to default on mortgage

Discussion in 'Foreclosure, Repossession, Auctions, Short Sales' started by bensma, Oct 2, 2008.

Thread Status:
Not open for further replies.
  1. bensma

    bensma Law Topic Starter New Member

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    0
    My sister bought a home in WA state with her room mate as co-owner ,the room mate has since moved out and has decided not to continue paying the mortgage and land payments.
    My sister is the sole payer now, but her job will be ending soon. The house is currently on the market., and she will not be able to pay the full mortgage without the co-owners help.

    What recourse does she have in this situation? Any advise would be greatly appreciated.

    Thank you for your time.
     
    Last edited: Oct 2, 2008
  2. presutin

    presutin Moderator

    Messages:
    1,631
    Likes Received:
    163
    Trophy Points:
    0

    She can sue the co-owner in small claims court for the portion of the unpaid mortgage up to the small claims limit in your state which is $4K. Hope this helps!
     

Share This Page

Thread Status:
Not open for further replies.