Warren, thank you for that additional information. If both of you are on title
, you both have a legal interest in the home and a share of the equity and/or profits, upon sale. If you were to sign a quit claim deed and just give the property to her, you would lose your legal interest/right. Moreover, you would still be liable on the loan. If she is willing to sell it and you are in agreement, that should be done. Seeing how there is equity in it, the money contributed at this point by both parties could be recovered and returned, with the profits split. If she is on the loan, she has just as much of an obligation to pay as you, so while she wants you to keep making the payments, she should be paying half as well. If she want to live in it, you can let her and just come to an agreement that she will pay the mortgage or a portion thereof, since she is occupying it. If you do not have anyone interested in the home, you may want to use the services of a Realtor, who can market the property and list it for a sale price, which will draw attention. If you and her are unable to come to any agreement on what to do with the property and neither wants to pay the mortgage, the final step would be to proceed through the court and try and get the Judge to force the sale. It would not make any sense for her to allow the loan to go into default, as a result of neither paying, yet still wanting to keep the home, since both your and her credit, would be ruined. As such, see if you can propose a sale of the home and if she does not want to sell it and wants to live there, then get her to pay the mortgage. The last thing you want to really do is sign a quit claim deed and just give it to her, since that really has no benefit to you, based upon everything which you described above.
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