Q: If the relationship in a joint tenancy becomes hostile and one stops paying and the other continues to pay. What happens
How can the one that walks get their name removed from the loan? And would they be free from the loan? If the name stays on the loan but they move out and the other person continues to pay what penalties would be incurred to the one not paying? A note this is not a married couple.
A: If the lender is not paid, it could seek to foreclose. [I litigate cases. Anything posted here must not be construed as legal advice, nor as grounds for forming an attorney-client relationship. You should seek an attorney for formal legal advice and representation.]
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