My question involves real estate located in the State of: New York
I put a down payment for a home in September 2006, at the time my credit was not established long enough to qualify for the loan. Therefore, I asked my brother to help me get the mortgage loan. The real estate agent who showed me the home and helped us get financing. However, the way they did this was I was on the deed with a 99% ownership and my brother with a 1% ownership with Fairmount Funding. Today, the mortgage is held by Green Tree Servicing the problem is my brother wants out of the mortgage. I have been able to pay it on time and have been doing so from my bank account. I need to find a way to transfer to mortgage to my name. The difficulty in getting a mortgage on my own and buying the property from my brother is that I do not have pay stubs, I pay the property and live with the rental income from the home. How can I transfer the property's mortgage to my name? By the way the utilities and all bills associated with the property are in my name. My brother is uncooperative, he just wants to short sale the property and leave me losing all I have put into the property.