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Can a credit card company go after your house if the mortgage is in your husband's name only?
Wiki User
∙ 17y ago
Ownership of real property is determined by the wording on the title or deed not by the names on the lending agreement. If the debtor owns a share of the property then a lien can usually be placed by a judgment creditor. The exception would be married couples holding property as Tenancy By The Entirety when only one spouse is the judgment debtor.
Wiki User
∙ 17y ago
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The mortgage is in husbands name but wife is on the deed. Can a credit card company put a lien on the house if the husband owes the credit card company?
You have asked a complicated legal question and the answer depends on the details and the laws in your particular jurisdiction. The answer may differ in a community property state or if the credit card debt benefitted both husband and wife. The lien may be successful depending on the aforementioned factors.
How can you get the best mortgage rates?
Have pristine credit. The better your credit history is, the lower your mortgage rate will be. The worst things you can do to your credit, in the eyes of a mortgage company: 1) Not pay your bills. This is absolutely the worst thing. 2) Not use credit at all. If you never use credit, the mortgage company can't determine how you act when you do. 3) Not carry a balance. If you get a credit card, make small purchases and always pay them in full at the end of the month, mortgage companies consider that not using credit. 4) Having way too much available credit. If you have many credit cards, the mortgage company will assume you might actually use all that credit. If you DO use it all, you won't be able to pay your house payment.
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.
What if your house is in your husbands name and not yours how can your change it into your name instead of selling and you pay him off?
If the house is paid for he can present it as a gift and change the deed over(this will have a fee and you may need a lawyer or something). If the house is mortgaged, call the mortgage company, they will know.
Does leasing a car affect buying a house?
It depends, if you are buying a house in cash, it won't of course. Else, it would quite affect as it would be part of the assessment on your credit and liabilities that the mortgage company will do.
What is the average house mortgage rate?
There are many factors that can play into your house mortgage rate such as age and credit history as well as the size of your loan. On average, a mortgage will run you about 3% to 4.5%
How can you pay your mortgage?
The easiest way is by working with a credible mortgage company; this will not only provide you with the best financial solution possible, but will also take a lot of the stress off of buying a house. A mortgage company will look at your income and credit information, as well into the nature of the house you are looking to buy itself, to determine if you are eligible to receive any type of loans. Once this process is finalized and approved, you will forwarded the loans at the place of settlement. Get in contact with a good mortgage company and they will help you determine the best way for you to pay off your mortgage.
What does bad credit mortgage rate mean?
A bad credit mortgage is sometimes called a sub prime mortgage. It is for people with low credit rating who wish to purchase a house. Due to the risk of lending to such people, the rate will be slightly higher.
Anyone know how to get a mortgage?
The very first step is to find a mortgage company and see what amount of loan you can qualify for. They will need to pull your credit report and look at your finances. After you know what you can qualify for, then it's time to house hunt.
My spouse died and the house was just in his name there is no equity now but there is still money owed how do you get the house in your name the company still send the bill in your husbands name?
Contact the mortgage company. They may work out a new loan in your name. It may be necessary to contact an attorney about your rights in your specific state.
I am not on the 1st mortgage loan but I co-signed a loan for the second mortgage The 1st mortgage lender is foreclosing If I stay current on the second will my credit show a foreclosure?
the second mortgage is based on the house as collateral. If the house is gone, the bill is due. It is not an unsecured line of credit. When the house goes the 2nd has to be paid in full or it will count against you. The only way around this is to get another line of credit/cash somewhere and pay it in full.
Can the mortgage company take your house without the deed?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
