How do I get removed from a mortgage on a home I own with 2 friends?

They have agreed to buy me out for $6000.00 at $400.00 per month... How much will lawyer fees be and how complicated is the process? How quickly can it be done?How do I get removed from a mortgage on a home I own with 2 friends?
uh...you need to be talking to your lender. Generally they will have to re-fi or you will need to get a release from the lender.





Complicated? It can be.








45-90 days if all goes well.How do I get removed from a mortgage on a home I own with 2 friends?
You will need to qualify for a loan on your own and re-fi. You can't just remove them from the mortgage. You can remove them from the title and have them quit claim all interest of the property to you but the mortgage will still be in their name.
That could be risky. You may have arrangement with your friends, but for the record, you still have your name listed in the mortgage company. Or, if the company have special arrangement for such cases then that would be on your favor. Better check with the mortgage company if they allow.
The issue could should need legal advice. From there you'll learn how much the lawyers are charging you. As to how quick, that depends on the mortgage company.
The only way to get removed from the mortgage is to have them re mortgage it without your name on it