My sister bought a house with her boyfriend. He has now begun drinking heavily and she needs to terminate the situation. He refuses to leave the property, which is fine. She is willing to leave and give up any equity. How can she remove her name from the loan and not be held responsible for the debt once she leaves the property? There are not married.
Answer
Your sister will not be able to "remove her name from the loan and not be held
responsible for the debt" unless the lender or current holder of the note
agrees to it which in my opinion is not too likely.
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