The question
Trying to get a home equity loan to fix up my house but i bought it with my ex (not married) and we are both on the deed as tenants in common, he refuses to sign a QCD so that i can qualify for the loan and in the mean time the house is falling into disrepair, its been 15 years and he doesnt live there and hasnt since march of 2010. I offered to pay him because he did put down 27k when we bought the house and our original agreement was that i buy him out at no more than 40k once our kids were all grown, which they are. He now wants 100k as his buyout but when i had the local real estate agent come out she did a comp package and the house without repairs is only worth about 80k. I am stuck with a leaking roof and sidiing that is rotting and i dont have the 40k on hand to fix these issues without an equity loan. i need help. thank you,