Posted by Steve-Atl on October 05, 2001 at 09:07:25:
The only way to get a cosigner off a current mortgage is to pay it off in full. Taking over payments leaves the current mortgage in place, and the last thing banks want to do is release anyone from responsibility for repayment.
You would need to sell for a steep discount to get an investor to pay off the mortgage in full.
Buy my house - lease it back - Posted by Justin Cuccia
Posted by Justin Cuccia on October 04, 2001 at 23:12:24:
I’m looking for someone to buy my house or assume payments. I would like to lease it for a year or so, then buy it back.
Need to get a cosigner off the current mortgage.
Open to creative approaches.
San Mateo, CA (S.F. Bay Area)
Please email - leave phone # and good time to call.
Thanks.
Re: Buy my house - lease it back - Posted by GL
Posted by GL on October 06, 2001 at 13:31:11:
Why don’t you go to a different financial institution, get a new mortgage (interest rates are very low right now) and pay off the old mortgage? Or is that why you have a cosigner in the first place? Why do you want to get rid of the cosigner anyway?