The grantee on the deed is the owner of the property. Co-signing a mortgage when you don't own the property does not give you any right of ownership. You are simply a volunteer who has agreed to pay the loan if the primary borrower defaults.
The grantee on the deed is the owner of the property. Co-signing a mortgage when you don't own the property does not give you any right of ownership. You are simply a volunteer who has agreed to pay the loan if the primary borrower defaults.
The grantee on the deed is the owner of the property. Co-signing a mortgage when you don't own the property does not give you any right of ownership. You are simply a volunteer who has agreed to pay the loan if the primary borrower defaults.
The grantee on the deed is the owner of the property. Co-signing a mortgage when you don't own the property does not give you any right of ownership. You are simply a volunteer who has agreed to pay the loan if the primary borrower defaults.
The grantee on the deed is the owner of the property. Co-signing a mortgage when you don't own the property does not give you any right of ownership. You are simply a volunteer who has agreed to pay the loan if the primary borrower defaults.
No. Only the owner can grant a mortgage on a property.No. Only the owner can grant a mortgage on a property.No. Only the owner can grant a mortgage on a property.No. Only the owner can grant a mortgage on a property.
The survivor is automatically the owner of the property and is responsible for the full amount of the mortgage.
A mortgage assignment is a legal document whereby a lender transfers all its rights under a note and mortgage to another lender. The property owner continues to make their payments to the new owner of that mortgage.
Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.
No. If you signed a mortgage while you owned the property then you are responsible for that mortgage until it is paid off. If you agree to transfer your interest to a co-owner you should make an agreement that the mortgage must be refinanced in the new owner's name alone. You should consult with an attorney to protect your legal interests.No. If you signed a mortgage while you owned the property then you are responsible for that mortgage until it is paid off. If you agree to transfer your interest to a co-owner you should make an agreement that the mortgage must be refinanced in the new owner's name alone. You should consult with an attorney to protect your legal interests.No. If you signed a mortgage while you owned the property then you are responsible for that mortgage until it is paid off. If you agree to transfer your interest to a co-owner you should make an agreement that the mortgage must be refinanced in the new owner's name alone. You should consult with an attorney to protect your legal interests.No. If you signed a mortgage while you owned the property then you are responsible for that mortgage until it is paid off. If you agree to transfer your interest to a co-owner you should make an agreement that the mortgage must be refinanced in the new owner's name alone. You should consult with an attorney to protect your legal interests.
No. A joint owner has the equal right to the use and possession of the property.
Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.
If the property is subject to a mortgage the mortgage must be paid off at the time of the sale of the property to a new owner. The holder of the mortgage must provide a signed release of the mortgage that can be recorded in the land records.The owner of the property signs the deed that transfers the property to the new owner.The new owner of the property signs the new mortgage.
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
The only way to become the owner of real property is by deed or by inheritance. A person cannot make themselves the owner. They must acquire ownership via a deed from the legal owner. If you co-signed a mortgage for land you do not own then you are simply a volunteer who agreed to pay the mortgage on land you do not own. That doesn't give you any ownership interest in the property. If you are a co-owner of the property who also co-signed a mortgage, you cannot make yourself the "primary" owner of the property. You would need a deed from the other co-owner.
The legal owner is the name(s) on the deed. The names on the mortage note are the ones responsible for the loan. However, sometimes the owner/mortgagor complicates the title to the property by selling it after they have granted a mortgage to a bank. In that case, the bank has a senior interest in the property. The grantee on the deed owns the property subject to the mortgage. If the mortgage isn't paid the bank can take possession of the property by foreclosure.
The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.