answersLogoWhite

0

The effect of a lien is to cloud title based on monies owed. The title cannot change hands without the removal of the lien, meaning the lien amount is paid before title is clear.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Does the furniture go with the condo you foreclosed on?

In a foreclosure ONLY the real estate is affected. Unless the condo was originally purchased fully furnished - the furnishings are the personal property of the owner who was foreclosed on and are not subject to seizure by the lender.


Can I Cosign for a mortgage loan?

Yes. However, you should be fully aware that if the primary borrower does not pay you will be responsible for paying the mortgage. You have no other rights in the property.


In Florida if your parents are refinancing would your spouse need to sign the mortgage?

Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.


When a spouse is borrowing money and the wife must sign the mortgage does her name have to be on the warranty deed?

Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.


Can I refinance my mortgage taking my ex husband off while adding a different person who has better credit than me?

The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.The owners of the property must sign the mortgage so the lender can take possession by foreclosure in the case of a default. Any co-signer should be fully informed that they will be responsible for paying the mortgage if the primary borrower defaults.


How do you fly in ourworld wonderland?

well i dont know but u can fly in ur condo!1. put a sofa fully sized and save condo2.sit on it3.Click away and walk around flying in ur condo!soz but XD


What are the advantages of having mortgage life insurance cover?

Mortgage life insurance gives a person a lot of benefits like covering your loan to the bank and mortgage is paid in full, and also the house will be fully repaid and the rest of the family will have peace of mind from making mortgage payments.


Should I consult with a lawyer before finalizing my mortgage agreement?

Yes, it is advisable to consult with a lawyer before finalizing your mortgage agreement to ensure you fully understand the terms and implications of the contract.


Where can one get a mortgage with CCJ's against them?

A mortgage with a CCJ is adversely more challenging than a mortgage without it. However, it isn't impossible as one who has fully taken care of an outstanding debt may still qualify in the right conditions. Some of the places that one can get a mortgage with CCJ's against them are Chase Mortgage, Lending Tree, Wells Fargo, and Quicken Loans.


What does a person need in order to cosign for a mortgage loan?

They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.They need a good credit history. They also need to understand clearly that they will be fully responsible for paying the mortgage if the primary borrower defaults. Therefore they need a good enough income and steady employment to be able to pay off the mortgage on their own if necessary.


What would happen if you lives with your mother who dies with an unpaid mortgage and your name not on the loan or deed?

Children will normally inherit their parents' property, which will include the equity in a house, even if the mortgage is not fully paid.


What happens to my mortgage when I sell my house?

When you sell your house, you will need to pay off your existing mortgage using the proceeds from the sale. If the sale price is higher than the remaining balance on your mortgage, you will keep the extra money. If the sale price is lower, you will need to come up with the difference to fully pay off the mortgage.