how to remove a person from a loan, the title of a house?
My friend and I are on the mortgage, title and public records of property, we bought 2 years ago. The prepayment penalty is and we tried to sell the site but no luck. I do not want to keep the property because it is so my debt to income ratio is too high (I’m second on the mortgage, my friend, the principal owner), but my friend wants to keep the property. How do I remove my name from the mortgage, title … generally “free and clear” of this property. We agreed that it retains the title and I went out. We therefore insists no money on the property, because we’ve got 100% loans (80/20 same bank) … we pay on time, so no crime of payments … Just want to know … How can I do? I must quickly say that right? have to refinance in his name only? … Is there an easier way .. in Miami, I live in Florida