What you are suggesting may constitute fraud. Also, in some states one tenant by the entirety cannot transfer their sole interest by deed.
Keep in mind that mortgages contain a due on transfer clause. The lender has the right to demand payment in full upon any transfer of ownership. You would still be responsible for the mortgage even if you transferred your interest in the property.
You need to consult with an attorney before you act. The title problems you could cause may be costly to correct.
What you are suggesting may constitute fraud. Also, in some states one tenant by the entirety cannot transfer their sole interest by deed.
Keep in mind that mortgages contain a due on transfer clause. The lender has the right to demand payment in full upon any transfer of ownership. You would still be responsible for the mortgage even if you transferred your interest in the property.
You need to consult with an attorney before you act. The title problems you could cause may be costly to correct.
What you are suggesting may constitute fraud. Also, in some states one tenant by the entirety cannot transfer their sole interest by deed.
Keep in mind that mortgages contain a due on transfer clause. The lender has the right to demand payment in full upon any transfer of ownership. You would still be responsible for the mortgage even if you transferred your interest in the property.
You need to consult with an attorney before you act. The title problems you could cause may be costly to correct.
What you are suggesting may constitute fraud. Also, in some states one tenant by the entirety cannot transfer their sole interest by deed.
Keep in mind that mortgages contain a due on transfer clause. The lender has the right to demand payment in full upon any transfer of ownership. You would still be responsible for the mortgage even if you transferred your interest in the property.
You need to consult with an attorney before you act. The title problems you could cause may be costly to correct.
What you are suggesting may constitute fraud. Also, in some states one tenant by the entirety cannot transfer their sole interest by deed.
Keep in mind that mortgages contain a due on transfer clause. The lender has the right to demand payment in full upon any transfer of ownership. You would still be responsible for the mortgage even if you transferred your interest in the property.
You need to consult with an attorney before you act. The title problems you could cause may be costly to correct.
Then the house needs to be sold.
Depends who's name is on the mortgage. If both names are on, then you would need both spouse's to take out a home equity line of credit.
If both names are on the deed, then both signatures are required. If the spouse has signed a quit claim deed to the home, then the other does not need consent.
No, it is not possible for a spouse to revoke a revocable living trust without the other spouse knowing in California. Both spouses typically have rights and responsibilities in managing community property, including property held in a revocable living trust. Any changes made to the trust would likely require the knowledge and consent of both spouses.
In law England and wales) does a spouse have equal liability to pay off debts
It is my understanding that if both are on the mortgage, you must refinance so that you are both not held liable for the balance. If still on the note the other person would not be able to qualify for another house, car, etc. without that being considered as part of their debt.
no
No
In a divorce, the other spouse has to be notified of the motion for divorce, and they also have to be notified of your intention to sue for custody fo the children. So, no, it's not possible to be granted a divorce or custody of the children without the other spouse being notifiied of the intent.
Spouse = married. Can't have one without the other.
Yes there are... if the person that is on the mortgage dies in a car wreck or something then the spouse will have a difficult time claiming the house unless the house was put in a will to the other who isn't on the mortgage. The house could go in default of payment and the spouse not on the mortgage wouldn't necessarily know about it.
Yes. When one spouse transfers their interest to the other as part of a distribution of assets in a divorce the existing mortgage should be paid off. The party receiving the other's interest must refinance in their own name. Otherwise, both remain equally responsible for paying the mortgage. Any default in the mortgage will be reported in both names as will a foreclosure if the situation deteriorates to that level.Yes. When one spouse transfers their interest to the other as part of a distribution of assets in a divorce the existing mortgage should be paid off. The party receiving the other's interest must refinance in their own name. Otherwise, both remain equally responsible for paying the mortgage. Any default in the mortgage will be reported in both names as will a foreclosure if the situation deteriorates to that level.Yes. When one spouse transfers their interest to the other as part of a distribution of assets in a divorce the existing mortgage should be paid off. The party receiving the other's interest must refinance in their own name. Otherwise, both remain equally responsible for paying the mortgage. Any default in the mortgage will be reported in both names as will a foreclosure if the situation deteriorates to that level.Yes. When one spouse transfers their interest to the other as part of a distribution of assets in a divorce the existing mortgage should be paid off. The party receiving the other's interest must refinance in their own name. Otherwise, both remain equally responsible for paying the mortgage. Any default in the mortgage will be reported in both names as will a foreclosure if the situation deteriorates to that level.