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lwpat
lwpat, Attorney
Category: Legal
Satisfied Customers: 25386
Experience:  Actively practicing trial attorney
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if I co-sign on a home loan for my daughter and my name is

Customer Question

if I co-sign on a home loan for my daughter and my name is XXXXX XXXXX deed, can my name come off the loan after a year of her making the payments on her own? I am 63 years old and on social security and can not afford to be stuck with a mortgage. I am willing to co-sign but I have to know that my name can come off the loan after a year. Thank you, XXXXX XXXXX [email protected]
Submitted: 6 years ago.
Category: Legal
Expert:  lwpat replied 6 years ago.
No your name cannot come off unless she refinances. That is the only way. It may also be a problem for her if you are on the deed. If you go on Medicaid the state can place a lien on the home.

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