Plenty of homes are sold to individuals without a cosigner. Usually there are only 2 reasons a bank will ask for a co signer. One being, if their prospective client does not have sufficiant funds available to make the estimated mortgage payments and other monthly debt payments and stay under 50% debt to income ratio, two being credit issues.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
The only way to take a cosigner off of a loan is to refinance it.
A cosigner can only be relieved of the financial obligation through refinancing of the loan without the current cosigner's participation.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Since you are both on the loan you are both on the title. You can refinance without them on the loan but would need them to sign the title over or transfer at close.
No.
The only option is for the loan to be refinanced without the particpation of the present cosigner.
No, the refinancing without the consent or knowledge of the original cosigner created a breach of the original lending agreement and the cosigner is no longer legally obligated for the debt.
The only way to take a cosigner off of a loan is to refinance it.
Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.
A cosigner can only be relieved of the financial obligation through refinancing of the loan without the current cosigner's participation.
A cosigner cannot be removed from the debt obligation except by a refinancing of the loan without the original cosigner's participation.
Since you are both on the loan you are both on the title. You can refinance without them on the loan but would need them to sign the title over or transfer at close.
No, a cosigner can only be relieved of the financial obligation by a refinancing of the loan agreement without them being a participant.
Possible fraud charges.
Yes, if you have a good credit score.
Yes.