Retroactively canceling mortgage

Started by petrfitz

over 13 years ago

Posts: 2533

Member since: Mar 2008

Discussion about

3 years ago I signed a contract on a property and promised to be financially responsible by signing my name to a mortgage. However I let someone else live in the property and pay me rent. Every year all documents on this property had my signature. Now since I wasn't living in the property and some one else has been taking care of it in my name I want to retroactively cancel my legal responsibilities for this property. After all I was living somewhere else and focused on some other property. Is this move legal?

Response by NYCMatt

over 13 years ago

Posts: 7523

Member since: May 2009

LOLOLOL!!!!!!!

This is called "buying a property and renting it out".

Now, instead of SELLING the property to extricate yourself from it, you're hoping to somehow turn back the clock and tell the mortgage company, the government, and all other parties involved "Sorry, I was just kidding."

Is this a joke?

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Response by huntersburg

over 13 years ago

Posts: 11329

Member since: Nov 2010

Matt you have no clue. petrfitz/Hones is picking a fight about Romney.

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Response by aboutready

over 13 years ago

Posts: 16354

Member since: Oct 2007

petrofitz was a les slumlord. allegedly gleefully got rents for far more than commonly accepted as a reasonable amount. although i don't know if he was worse than querty.

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Response by huntersburg

over 13 years ago

Posts: 11329

Member since: Nov 2010

Can you tie back his support of Obama to his business activities, like David Axelrod's son who is profiting from Obamacare?

Retroactively canceling mortgage

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