On title but not mortgage bankruptcy

on title but not mortgage bankruptcy

If My Name Is on a Title But Not on a Loan, Am I Still Responsible for a Foreclosure? Mortgages are contractual agreements between lenders and borrowers. If you don't repay a mortgage, your lender can sell your home to settle the balance owed. If you're not a signer on the loan, you're generally not liable for repaying the debt. Jan 24,  · Rights of a Wife When on the Home's Deed but Not the Home Insurance or Mortgage. The law typically treats property ownership by married . Chapter 13 Bankruptcy and Your Mortgage. Chapter 13 bankruptcy does not affect your home mortgage. You continue to make your mortgage payments during and after the bankruptcy. If you are behind in mortgage payments, you can pay off the arrears through your Chapter 13 repayment plan (which lasts three to five years). on title but not mortgage bankruptcy

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I filed bankruptcy, but did not reaffirm my mortgage. Will I be kicked out of my home?

We are available 7 days a week, evenings, weekends, and holidays. Gustan Cho is a senior mortgage expert and National Managing Director, providing direct-to-consumer advice at Loan Cabin. We are a mortgage brokers licensed in multiple states. Leave A Reply Cancel Reply. Save my name, email, and website in this browser for the next time I comment. Leave this field empty. Condominium Questionnaire Download For Borrowers. Video Home Purchase Loan Programs. Share Facebook Email. My parents died and left there house to me and my sister and brother.

House is paid off my problem is The house needs repairs can i get a loan for home improvement do I need there permission to get the loan. The house was purchased during the marriage. Does home ownership shift to the surviving spouse by default if the spouse whose name is on everything becomes deceased? I had moved out originally and was renting then she moved out of the house and started renting it out to others so I wanted the house back and I guess you could say I started renting the house from her that we both still have a loan on.

Would this take me off of the deed with his new obligations or does the deed remain in tact. He is still the only name on the title. Please help. My partner and I are splitting up. Both our names are on the mortgage. Can I insist on it being sold and have I got to pay half the mortgage in the mean time? I own two houses both titles are the same my deceased husband and me my son is trying to take my land and has a restraining order put on me no violence may I use both houses. My wife died in my name and her name is on house deed how can i sell house now since she is dead and cannot sign since deed says my name AND her name not or This is in Columbia,SC.

Mainly my name is on the Deed. My ex husband and I are in the loan. When I sell the house, who will receive the equity? My mom owns her home and she wants to put my daughter name in it How much would they charge? Thank you so very much for clearing things up ,So if there was an assault and the parter went to jail and had a restraining order on her partner, could she still be safe to live ther Leagely and dose it change if it through the V.

My husband died. We are both on the home title ,do I have to remove his name and put in my name only? I have a question? Imy name is on title of a home from a previous marriage and myself and husband are on the loan borrowed against the home do I have the say what renovations can be done to the home and if I refinance to pay loan on my own is he entitled to anything.

How would it play out if one name was on the title and mortgage now paid off and the other person just on title when it comes to wanting to get a home equity loan.

Could just one of the Title persons apply for an equity loan, without needing a signature from the other person? But we would like to have both names on the title. Can we have both of our names on the title but my name was not on the offer? My wife recently passed been married nearly 16 years her name was on the title both our names on the mortgage she has 2 adult children.

What my chances giving them an eighth each since I should technically own half the house already. My sister and I bought a waterfront property together split right down the middle. Both of our names are on the deed. Can she order it put on the market? What happens if the relatinfeaks down. The deeds are on both manes and one person continues to live in the property even after the mortgage is paid.

Thanks very much for sharing this informative article. Would like to know more about how I can do my first investment in a foreclosure or maybe a short sale property. Thank you! The title company should be able to have this ready for you at the signing table, if you give them a heads up. They will record the new mortgage, then right after that record the quit claim deed putting the title in both of your names.

Brittan: Correct if I am wrong. If your name is on the title you would also need to be on the mortgage.? You would not necessarily need to be on the note which is the actual agreement between the borrower and the lender or a co-borrower on the loan but again if you own the property you would need to be on the mortgage document.

Is that correct? Thanks Rick Carter. Group Copy 9 Created with Sketch. Group 16 Created with Sketch. Zillow Porchlight. Featured Post. By Mary Boone on 23 Mar The dollars and cents that go into moving vary greatly depending on a number of factors.

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5 thoughts on “On title but not mortgage bankruptcy

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