<prompt> Human: My girlfriend made the mistake of buying a condo with her exboyfriend a few years ago. She currently lives in another state and rents the property. She manages the property completely on her own because he refuses to help out. Obviously she regrets it now, but Im wondering what her options are. The problem is that the home value has gone down to about 160k and they still owe about 180k.She only receives about 1,200 in monthly rent but the monthly mortgage and condo fees are about 1,700. Her ex pays for half of the difference every month but still the entire situation is a headache.Looking for advice here. After Realtor fees and the remaining balance on the mortgage, selling the house would be a loss. Is it possible to transfer ownership from two people to one if both parties agree?Thanks  <response>: Yes, transferring an undivided one-half tenants-in-common interest to the other co-owner is possible and easy to accomplish. But you might or might not need to pay county transfer taxes and other fees. You should probably get a lawyer to do this in the most tax-efficient manner. Get legal advice, but I think that the easiest things is for the granting co-owner to give the receiving co-owner a quit-claim deed and be done with it. IMPORTANT NOTE: Transferring ownership interest will not allow the transferring co-owner to escape any mortgage consequences without the banks approval, and -- even worse -- might trigger mortgage agreements the due-on-sale clause, which would require the mortgage to get paid off in full. Competent and qualified local legal advice seems highly necessary here. Edit -- typos 