My best friend asked if I would be a reference for his Master promissory Note, if I agree and he doesn’t find a way to pay his student loans am I going to be accountable in any way? Or is it more to just keep track of him. I did some research, but from what I read I couldn’t really determine what the right thing to do. I’d like to help him, but, is it going to be a mistake?
I am going thru a divorce. My husband is in the house because I can’t afford it. If I sign over the house completely. Does that clear me of all the mortgage responsabilities? Even if he were to stop paying?
I will try to be concise. In 2001, my ex-husband and I each put $15,000 in on a down payment for a condo. We divorced in 2004 and he continues to live there. I am still on the deed but he is the only one making the payments since we divorced and I moved out. He is struggling financially like many right now and fears losing his job. He wants to sell it but each time he has put it on the market it hasn’t sold. I suggested he get a roommate to offset the costs or perhaps rent it out (this, however, he has told me he is not interested in). Anyway, he just emailed me a quit claim deed. My boyfriend told me not to sign it as he believes I am entitled to my $15,000. I don’t think so. I don’t want my ex to feel any more pressure than he already does. He and I never had a traditional big wedding and so I look at the money loss as what could have been spent and lost on a wedding. I don’t know, am I wrong for looking at it this way? What should I do?
|