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Can I sell house I have with friend even though he refuses


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Hi all,

 

quick question I have a mortgage with my friend as we thought it would be a good idea....... Now I know it was a terrible mistake.

 

I am past the fixed term of my mortgage but my friend refuses to sell, the house is in negative equity he has a badcredit history ove the last 2 years so wouldnt be able to take sole ownership on a 100%mortgage.

 

Basically I have had enough and want to get rid any suggestions greatly appreciated.

 

Regards

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Stop paying your 1/2, let the house be repossessed? OK, so your credit score will be ruined, but so will it if it gets sold with negative equity and you can't make up the shortfall anyway. :-(

 

Alternatively, rent out your 1/2 of the house? (depending on size etc, of course...)

 

Either way, you're not going to be able to just walk away with a clean slate if he can't buy you out. :-(

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