Need a lawyer to remove brother from loan without refinancing and notnpaying taxes
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Need a lawyer to remove brother from loan without refinancing and notnpaying taxes
Hello! My name is Dolan and thank you so much for contacting me! I just had a few quick questions for you: Do you have the money to pay off this particular loan?
are you referring to pay it monthly or paying the loan off?
Sure thing! I mean paying off the loan. Also, have you discussed a loan assumption with the lender?
NO, i wish haha. that would be great. no, but my brother wants to be removed happily due to his circumstances and i need a way to do it without making him co borrow or having him pay hefty money.
Understood! So you're just wondering what it is you can do here, correct? I'm in meetings so I wish I could give you a buzz, but I don't want you to have to wait on my schedule.
NO, i wish haha. that would be great. no, but my brother wants to be removed happily due to his circumstances and i need a way to do it without making him co borrow or having him pay hefty money.
sorry for the same message again, don't know what happened. yes, trying to get a straight plan or recommendation.
Ok! Did you need to tell me anything else? If not, I can start with answering your question.
No, please go ahead answering my questions. also, please feel free to ask anything.
Ok! I just need a little time to draft up a high-quality answer. I'll be with you as soon as possible. It won't be terribly long, ok?
I'm so sorry about this situation! I want to address your situation with a detailed response, so if you have any questions, don’t hesitate to ask because this law stuff can get complicated. Ok so legally speaking, you only have a few options: 1. You can refinance (you aid you did not want that0; 2. You can pay off the loan which gets both of you off; 3. You could ask the lender about loan assumptions. In some cases, they will make you solely responsible. This is highly unlikely as they like to spread the risk among as many people as possible. 4. In my experience, going to better.com and seeking a refinance will get him off the loan and also allow you likely a better interest rate. Does that help clarify things? I want to make sure I didn’t leave anything out.
yes, i have ask the lender about loan assumptions, and i have receive the paper work and i want to fill that out with the right lawyer because i have no idea on completing the paperwork, also they mention that i have to do something with quit claim deed and other paperworks.
Understood - what paperwork did they send you that concerned you?
there is a lot. i wanted to talk to you, i think we are missing contents.
I'm so sorry for the delay on this. What is it that I am missing here? The reason I ask is that it's not easy or simple to just have someone removed from the loan. What is it I'm missing?
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Dolan W.
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