Purchased A House With In-Laws

[Timmer]

Three years ago I purchased a home in New York with my in-laws. It was verbally agreed that we both pay 50% of the bills. as of right now I am paying over 75% of the bills to keep the house. I don't care to keep the house. I am the co-signer on the loan for the mortgage and my name is on the deed.

Utilities have gone up to $2,000 over due (I wrote 2 checks for $400 each, my in-laws wrote one check for $300 to keep the lights on)
I have paid my half of the mortgage for this month and am still waiting for the In-laws to come up with their half....it is late.

What are my options on what I can do to get out of the mess. It is unfortunate my In-laws cannot afford to live here without me covering half their bills.....

Thank you

[gigirle]

Why is it that the inlaws can't keep up? Is this a temporary thing or more permanent? Speak with them...if the bills don't get paid, it's foreclosure city. If you don't care to keep the house get them to agree to sell or just stop making the payment. If your name is solely on the deed, they have the most to lose if you got lucky and sell the house.