V
Vankeith
Guest
Hi,
So this is my story - I bought an apartment for 381k with an ex-girlfriend in 2006. An apartment in the same complex is now on the market for 145k which is, needless to say, a bit disheartening. I moved to Canada a couple of years ago and have been sending money back to cover the payments - there are tenants in the apartment now paying 900euro a month - the mortgage is 1900euro a month. I have two main questions:
1. Can I have my ex sign over her half of the apartment to me so I own it outright?
2. What would the consequence then be of defaulting on the mortgage - considering I am based in Canada now with no intention of returning home within the next 5 years?
Thanks,
K
So this is my story - I bought an apartment for 381k with an ex-girlfriend in 2006. An apartment in the same complex is now on the market for 145k which is, needless to say, a bit disheartening. I moved to Canada a couple of years ago and have been sending money back to cover the payments - there are tenants in the apartment now paying 900euro a month - the mortgage is 1900euro a month. I have two main questions:
1. Can I have my ex sign over her half of the apartment to me so I own it outright?
2. What would the consequence then be of defaulting on the mortgage - considering I am based in Canada now with no intention of returning home within the next 5 years?
Thanks,
K