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You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.

You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.

You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.

You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.

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โˆ™ 2011-02-02 15:12:04
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โˆ™ 2011-02-02 15:12:04

You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.

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Q: Are you obligated for the mortgage if your name is on the title?
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If you have signed a quit claim deed as the grantor is there any way to force the grantee to refinance the mortgage loan to remove your name from the monitary obligation?

Unfortunately, if you've signed your rights away you are only removed from title and are still obligated to the mortgage. The only way to get out of the mortgage is for the person holding title to refi and have your name removed from the mortgage.


What if name was changed on mortgage afer death of deceased?

The name on a mortgage cannot be changed. A different person can become obligated on the mortgage if he guarantees it or the mortgage is refinanced.


If your name is not on the promissory note or equity line for a home your husband owns are you responsible for them if your name is on the mortgage?

I am a mortgage broker and the answer to this question lies in the section of the mortgage document entitled: Joint and Several Liability. No you are not responsible for the note. The promissary note is the promise to pay. The mortgage clause will say that any Any borrower who co-signs the mortgage (security instrument) but does not execute the Note is co-signing only to mortgage, grant adn convey his/her interest in the property and is not personally obligated to pay the sums secured by the mortgage... this goes for the signer of the note extending or modifying the mortgage by perhaps getting a home equity line. You are not obligated financially. Are you on the title? That is the question. If you are on the title you own the home without any financial responsibility for the home and both of you on the Title must agree to sell the home, and one without the other cannot convey their interest in the property.


How do you get your name on husbands mortgage?

You have to apply for a mortgage jointly for both people to be listed on a mortgage. You can however have your name added to a title of a house with simple paperwork.


Your parents died leaving a mortgage on the heir property are the heirs obligated to pay the balance of the mortgage?

Yes. If you inherit a piece of property, including a house with a mortgage, you are legally obligated to pay its bills.


If you are moving into your partner's house how do you put your name on the mortgage?

Unless your partner adds your name to the title and then refinances, there is no way for you to get on the mortgage.


House in wifes name leaves husband who pays for house?

The answer is who is on the mortgage or deed of trust contract not who has title to the property. All parties on the mortgage are equally obligated for the mortgage payments irrespective whether or not they are in title to the property. A mortgage or deed of trust is a contract and the parties thereto are bound by the terms of the contract.Another PerspectiveIn addition, The lender will foreclose if the mortgage isn't paid. You have not stated who signed the mortgage and that is important to your question. If the husband is paying the mortgage and is not on the title he is paying for property he doesn't own. If he signed the mortgage then his credit record is at risk if the mortgage isn't paid. This matter will need to be addressed at some point by a court, perhaps divorce court, since the owner has abandoned the premises. You need to consult with an attorney.


Why are you being foreclosed on if your name is not on mortgage?

If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.If your name was ever added to the title after the mortgage was granted then you will be named in the foreclosure to fulfill the obligation to give notice to all interested parties.


Should your parents have you on the title of their house to avoid forced sale?

If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.


If your daughter gets a mortgage and puts my nmae on the title with hers can the mortgage company ask for balance in full because she changed the title?

If the mortgage was not taken out in both of your names, and your name was added after the mortgage closed and funded, yes, the lender may have cause to accelerate the loan and ask it to be paid off. The lender and the title agency asks for full disclosure as to who has interest into the property at the time the property is sold or taken a mortgage against. If your name was on the mortgage, and you signed the mortgage (perfected title) and the lender approved a new deed adding you to be simultaneously recorded with the mortgage, you are fine. If you are added after the fact, the terms of the loan may be subject to default.


In the state of Florida your name is on the deed but not the mortgage of your deceased husbands condo left to you in his will can the mortgage Co foreclose?

In any state, the title to the unit (deed) is held as collateral for repayment of the mortgage. This means that the mortgage company can sell the property in order to recover the amount of the loan (foreclosure). Because your name is on the title, it's possible that you can negotiate a repayment plan that is acceptable to the mortgage company, in order to retain your name on the title. Once the lender is paid, then you can sell the property and enjoy the benefits of the proceeds.


If your parents took out a mortgage in their name how do you get a mortgage in your name for the same property?

A property cannot be mortgaged twice at once. Additionally, you must hold the title to the property to place it under mortgage. Unless the other mortgage is paid off and your parents give you the house, you will not be able to get a mortgage on it.


If a quick cliam deed was just processed to provide you with legal title to your principal residence with your partner how do you add your name to the mortgage?

The mortgage would have to be refinanced to add your name to it.


If your name is on the deed but not the mortgage who is responsible for the mortgage when the house is sold?

The mortgage will be paid off from the proceeds of the sale. The buyer's attorney will make certain the mortgage is paid off before the buyer takes title.


If your name is on the mortgage but not the deed do you own the property?

No. In order to be the owner of real property you must be named as grantee on the deed. If your name is on the mortgage but not on the deed you have obligated yourself to pay for real property you do not own. If the primary borrower defaults the lender will go after you for full payment of the mortgage yet you do not own the property.


Can husband have his name on the house deed too if the mortgage is only on wife's name?

Yes, unless there is a state law forbidding it. The mortgage is simply a loan that allows you to buy a house. The deed specifies who owns the house.AnswerThe wife should consult with an attorney before adding her husband's name to the deed since there will be legal consequences. She would be granting him an interest in property that only she is obligated to pay for. If they later divorced, he would receive half of the proceeds of a sale. Also, the mortgage documents may prohibit transferring title.


What is work share mortgage?

A work share mortgage is when more than one title company prepares the title.


How do you fill out quit claim deed when husband has left town and wants name off of mortgage and or title?

You cannot take your husband's name off the mortgage. You must refinance in your own name and pay off the prior mortgage. You should have a deed drafted by an attorney.


Is mortgage valid if your name is spelled incorrectly on deed and all documents?

Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.


What is a purchase money first mortgage?

A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.


How long a Preliminary title report good from the time of mortgage application?

The title report should be dated as to the date the examination covers. When the mortgage is recorded the title report will need to be updated up until the recording of the mortgage.


Can your wife add you to the title of her house if you currently pay the mortgage and have the mortgage in your name but you are not on the title?

Yes! All you have to do is go to the registry of deeds (or your area's equivalent) or a title company with your wife, and do what's called a "quit-claim deed" to get yourself added to the title. It usually costs between $100-150. Your wife can add whoever she wants regardless of whether or not they have any involvement in the home or the mortgage.


If your name is not on mortgage application can your name be on the mortgage title?

In most states this is possible. Contact a title company or local real estate attorney. You may be able to do a Quit Claim Deed adding yourself to the Title. This will require the person who is currently on title to sign and approve the addition. If you use the title company that did the original work for the mortgage they may not charge to draw up the document. My Escrow Officer will frequently do these documents for my clients at no charge. You will usually have to pay a small recording fee with your county recorders office.


What is a mortgage loan?

house documents are mortgage and title deed at register office


What legal rights do you have on a property with YOUR name on the mortgage?

The deed/title to any property determines the legal ownership, not the mortgage. If you are not named on the deed to the property, you have no "automatic" ownership rights.