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Can one person have two mortgages?

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Yes. Many people do, especially if they have let property.
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What do you do if two single people are on a mortgage and one person abandons the property in Florida?

  Answer     you got a problem. the mortgage company goes to the second person and they don't care as long as they get the money. if you can't handle the mortgage

Can you have two first mortgages on one property?

Answer . NO! To do so may be seen as fraud and could get you in a lot of trouble. One mortgage must always be sub-ordinate to the other. If the value of the property dropp

Can one person apply for a home equity line of credit when there are two names on the mortgage?

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Yes. The bank owns the mortgages and can sell either or both to another entity. Yes. The bank owns the mortgages and can sell either or both to another entity. Yes. The bank
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Can a joint mortgage be renewed by one person?

A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by forec