refinancing mortgage

refinancing mortgage

Can a person in the title but not the mortgage does not allow me to refinance?

I have a loan agreement with a person in the title (deed individual property subsidy) that the contract for the loan "will continue until the property is sold." While I am not selling the property, I've been offered a quantity purchase of your share of 10% and threatening to block any refinancing unless I meet their demand for an amount of purchase. We differ from the amount of property assessment. My appraisal was approved by my lender and is a Certified Residential Real Estate Appraiser in California and I have no idea if or what kind of appraisal that has been used. Can you do this, although he is not and will not be on the mortgage original mortgage or refinance? Would it be better to withdraw the offer and just wait to pay when you sell at a later date? Please let me know if you have any idea on how to handle this situation.

Yes, the person in the title may block its attempt to refinance. You can expect to sell, but have the same veto power over any contract offer as well.

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