Yes, if you are the owner of the mortgage or the mortgagee.
Yes, if you are the owner of the mortgage or the mortgagee.
Yes, if you are the owner of the mortgage or the mortgagee.
Yes, if you are the owner of the mortgage or the mortgagee.
I assume you notified the mortgage company that the daughter is making the monthly mortgage payments on behalf of the mother. If that is the case, the daughter really isn't benefitting from making these payments from the credit agencies, proving mortgage history, and establishing credit on her own. Essentially, the mother would have to refinance the loan to get the daughter on the mortgage with her in order for the daughter to benefit. Even a quit claim deed would only add the daughter to the title, and the mother would ultimately be responsible for the monthly mortgage payments. I hope this information helps. Regards, Total Mortgage Services
Yes, they can.
The cast of A Mortgage on His Daughter - 1915 includes: Kitty Howe Hank Mann Peggy Pearce
No.
Yes, and you can bet they will. You need a lawyer as well!
No, a daughter who pays her parent's mortgage and property taxes generally cannot claim those deductions on Schedule A. To claim mortgage interest and property tax deductions, the taxpayer must be the owner of the property or have a legal obligation to pay the mortgage. Since the daughter does not own the property, she is not eligible to claim these deductions, even if she is making the payments.
Typically, to be eligible to be added to a reverse mortgage, the son or daughter would need to meet the age requirement. If they are not yet 62 years old, it may not be possible to add them to the reverse mortgage. It would be best to consult with the reverse mortgage lender or a financial advisor to explore available options.
Yes, you can walk away from a mortgage and not be liable for a deficiency (even in recourse states) if the mortgage was listed in the bankruptcy.
The lender owns the mortgage and a lender will not generally remove any name from the obligation to pay. The only way for you to get your daughter's name off the debt is to pay the loan off and refinance in your own name.
No
yes
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