I live in Venice, FL. My ex-fiance and I purchased a home from an attorney as a "for sale by owner" in November 2011. At the time life was good but now she is gone and is not welcome back. Our agreement with the person we bought the house from was that we would make payments to him for four years and then obtain our own financing from there. The attorney whom we purchased the home from used the standard Florida forms for the mortgage note. Now my question is: how can I get my ex-fiance OFF the mortgage and other necessary documents so that the home is exclusively mine? She has no interest in the property whatsoever. In fact, she's worried that I will default on the mortgage and that a foreclosure would destroy her credit. Thank you.
The term property refers to things a person can own or possess. There are two types: real property (real estate) and personal property (everything else).
If you miss too many mortgage payments, your lender can start foreclosure proceedings to take ownership of the property, but it has to follow your state's laws.