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:

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