0
The mortgage must be paid off and the co-owner must refinance in their own name. The one who wants to take their name off the mortgage must convey their interest to the co-owner by deed.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
Where can one go to compare the best mortgage rates?
If one wants to compare mortgage rates and get the best deal, one can go to the website of ratesupermarket. On this site, one get information of mortgage rates offered by different banks and companies, and one can compare them and make a wise decision.
What is required when one wants to refinance their home mortgage loan?
To refinance one's home mortgage loan, one needs to make sure their loan is not in default. Loaners will also need to meet specific financial thresholds.
Why you need building insurance for mortgage?
The the person who owns the mortgage (mortgagee) wants to protect their investment.
Who is the best mortgage broker?
Selecting the best mortgage broker is dependent on where one is looking. One wants a mortgage broker who will return calls dutily, ask and answer all questions, be able to explain every part of the buying or selling process clearly so there are no mistakes down the line.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
If you are coowner of a house can you file bankrupt?
Yes
Can you get a mortgage in Virginia with an agreement to deed the land to a person after the estate with no debts or liens is settled?
No. The mortgage Company wants their money. I think a mortgage lender could more help you with this one.
Where can one go to compare the best mortgage rates?
If one wants to compare mortgage rates and get the best deal, one can go to the website of ratesupermarket. On this site, one get information of mortgage rates offered by different banks and companies, and one can compare them and make a wise decision.
What is required when one wants to refinance their home mortgage loan?
To refinance one's home mortgage loan, one needs to make sure their loan is not in default. Loaners will also need to meet specific financial thresholds.
Why you need building insurance for mortgage?
The the person who owns the mortgage (mortgagee) wants to protect their investment.
Who was coowner of the Pequod?
The co-owner of the Pequod was Captain Peleg.
Who is the best mortgage broker?
Selecting the best mortgage broker is dependent on where one is looking. One wants a mortgage broker who will return calls dutily, ask and answer all questions, be able to explain every part of the buying or selling process clearly so there are no mistakes down the line.
How can one refinance his mortgage?
A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.
How does one apply for a Bank of America reverse mortgage?
If one wants to apply to the Bank of America for a reverse mortgage one should visit a Bank of America store and speak to a customer representative. The forms can be completed in store, with a representative, once one's eligibility has been confirmed.
Can a remainder interest owner be held responsible for paying a mortgage?
If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.
If you have private mortgage financing if one person on mortgage wants their name removed from mortgage how do you do it?
See your lender. You may have to refinance because the mortgage was based on both your credit, income etc. If that is the case you will have to go through an entire new mortgage process just for yourself. If you cannot afford to refinance on your own, the other person can force a sale of the house by using the courts.
