If she doesn't want to go through all that, why not just walk away? Stop paying the bills, move out and let the others figure out what to do. They'd have to take some action or risk losing the property in a tax sale. If there is a mortgage, their credit ratings might be at risk, or their other properties could be vulnerable to judgments. That should bring them to some agreement.
I have to wonder if she consulted a lawyer about possible complications, 10 years ago. At any rate her first step now is to talk with an attorney who specializes in real estate. Please do let me know what happens. Don't leave me hanging; I'm worried.
Payoff Documents
Ms. Lank: I know you have addressed situations like this; however, I don't remember what your response was. We paid off our mortgage in September 2008 and Countrywide still has not sent the release of mortgage paperwork to our Clerk and Recorder's Office. How long should I give the mortgage company to do this? We were charged for the processing fees and they have not delivered in a timely manner. I sent them an email message giving them until March 1, 2009 or I will turn them in. Could you provide the correct organization/business to which to complain? Thank you. -- J.L.
Answer: In many states the law requires the lender to record the satisfaction of your mortgage. Given the stress mortgage companies are in these days, you might give them another couple of months. Meanwhile, telephone (they are required to have an 800 number or accept your phone calls,) write and keep after them. As you realize, the matter is important.
If you haven't got anywhere after six months, write to the agency that regulates mortgages in your state, and send a copy to the president of your mortgage company. (I'm told that can work wonders.) A librarian can help you find the right addresses.