My girlfriend and I purchased a house together in January of 2013. Needless to say, it did not work out between the two of us- she moved out and I am living in the house. At this time, there is no hard feelings between us and she acknowledges that the house is indeed mine even though her name is on the mortgage.
My questions is this: is there some sort of legal document that she can sign that relinquishes her rights on the house WITHOUT refinancing? (i cannot afford to refi at this time.
1 Answer from Attorneys
Not really. She will always be on the loan until you pay off the mortgage or refinance. You can remove her from the title with a warranty deed. You may need permission from the bank first. Although there are no hard feelings now, wait until she tries to buy a house of her own and can't because her name is on this mortgage. (Or, wait until you're late on a payment and it negatively impacts her credit score.)
Best bet is to refinance soon.
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