What are my options if the co-owner of our house took out a HELOC without my knowledge?

What are my options if the co-owner of our house took out a HELOC without my knowledge?

I purchased my home 18 years ago. A few years later I started to rent a room to my brother. A few years after that I refinanced the house and had my brother put on the mortgage. Recently I went to check on refinancing to a lower rate and in the process I found out that my brother took out a home equity line for $30,000 and maxed it out. He did not ask me or tell me about it and he did not get my signature for it. What are my options?

Asked on March 4, 2012 under Real Estate Law, Georgia

Answers:

---

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.