I had bad credit 20 years ago and my daughter and son-in-law cosigned for the loan and their names are on the deed. My son-in-law made one payment and I paid him back. I have made all the mortgage payments over the years and now have a substantial equity in the house. I want to refinace and take his name off the loan agreement, but he refuses to allow me to remove his name. I live in Texas. What options do I have?
I want to refinance and take his name off the loan agreement
If the house deed is on joint names, removing name from loan agreement may not possible. As in case of default, the Bank can't reposes the house and one of the owners does not agree and is not party to the arrangement.
If the house deed was on your individual name and his name was only on the loan agreement, you could have removed it with refinance without his consent.
You would need to talk to a lawyer.