Legal Question in Real Estate Law in California

My aunt my self and my sister decided to buy a home in 2001. I have not lived there for about 6 years. My aunt called me last night saying she is planing to stop making the payments, since she can't afford it anymore. I can't have her ruin my credit, they owe too much on the house and she can't refinance, but I need to get out of this loan so it doesn't ruin my life. What can I do legally to get out of this loan?


Asked on 10/14/09, 1:32 am

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Once liable on a loan, you don't get 'off' except to pay off the loan or sell the property.

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Answered on 10/14/09, 12:59 pm


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