wrote in message
ps.com...
OK thanks for the info. Another scenario: Let's say they remove their
name from the title, but not the mortgage (good friend). Will the bank
make me re-qualify in that case?

You seem awfully afraid to re-qualify. What are you afraid of? If you can't
qualify, there are lots of other ways. You say the guys a good friend. Just
leave everything as it is a do a Contract to Deed with him. File it at the
court house and go on about your way. It's in his best interest that the
mortgage gets paid off and it is in your best interest that it does, so you
both have something to lose if the deal goes sour between the two of you. It
keeps you both honest and the courthouse filing makes sure that you get
clear deed when the mortgage is paid. This is about the only time that a
Contract to Deed is recommended.


--
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I don't pay any attention to what politicians say.
IT'S WHAT THEY DO THAT MOVES ME TO VOTE!

JC