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We have a family owned property w/ multiple family members on the mortgage.(4 names) It is for a multiple family home w/ 4 apt`s . Each owner has an apt in the house. Now recently we were trying to have our mortgage changed over for a lower interest rate & have learned that we have been declined. The bank was only interested in speaking w/ one owner as to the reason. They will not s/w any other owner as to why? WE assume credit issue w/ this particular owner reason for the decline.This owner denies any possible reasons & will not even s/w the bank .If one person on the mortgage is liability , is it possible to have them kicked off the mortgage if majority rules? Also what are the other reasons for decline . Help is greatly appreciated in this matter. We are stuck between a rock & a hard place & would like to try & think of all possibilities b4 getting lawyers involved . | ||||||
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