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Can a mortgage company in Oklahoma come after a spouse if not on the loan?
Wiki User
∙ 11y ago
Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.
See related question.
Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.
See related question.
Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.
See related question.
Generally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.
See related question.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoGenerally, no. However, it may have the right to take the property covered by the mortgage by foreclosure in the case of a default. If the lender is trying to collect from you and you did not sign the note and mortgage then you should contact an attorney who can review your situation and explain your rights and responsibilities.
See related question.
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My mortgage company is asking for explanation on two things that show up on credit report How come three that I know about did not show up on credit report they pulled?
It's possible that you have done business with a company somehow connected with the mortgage company. This being said, they may have some sort of inside information on your payment history in their internal system. Your credit report as you view it is the same as the mortgage company's view so this is the only explanation I can think of.
What is mortage insurance?
The term Mortgage Insurance can mean different things to different people and in a variety of situations. I have heard it refer to life insurance designed to pay off a mortgage balance due to death of an insured person. another type of Mortgage Insurance is products such a PMI, which indemnifies a bank or mortgage company in the case of a default on a mortgage loan. In this type of mortgage insurance the person who takes out the loan pays the premiums through their house payments, but will not receive any benefit from the insurance as the only one who gets paid is the bank or mortgage company. The insurance company can then still come after the borrower for the amount of their loss.
Will a bank come after you financially for a foreclosure?
Foreclosure takes care of your loan with the bank, so unless you owe more than your home is worth, you shouldn't have to worry about them coming after your other assets. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
What happens to the second mortgage when the first mortgage forecloses on the property and will the second mortgage go after the holder or will they show the balance owed as earned income?
Depends on the state. In many states the holder of the second mortgage can come after you for the balance due. If the second is from the same company that holds the first that may not be as likely. It really depends on your state and whether the lending institution has the right to pursue you for the balance between what they eventually sell the house for and what you owed. Check to see if your state is a deficiency state and then talk to an attorney.
Can you refinance a second loan only and not the first?
Yes, but the holder of the second has to agree to it. Its called subordination. Normally when a first mortgage is paid off the second moves into the first position unless the holder agrees to "subordinate" the second. Yes, you can leave the second alone but the second mortgage company will have to allow it by signing a subordination agreement. Basically, a subordination agreement is an instrument that allows a first lien or interest to be paid off and allows another first mortgage company to come in and be the first priority lien holder.
Where can one find a California mortgage company?
A California mortgage company can be found on the internet at the First California Mortgage Company website. There is a wealth of knowledge on the website that should help answer any problems you come across.
If you default on your home mortgage can the mortgage company come after your car?
They can not directly come after your car. However a Judge can order assets seized. If there was no fraud involved in the mortgage this is an unlikely situation.
If you filled for bankruptcy then modified a mortgage can the mortgage company come after you or will it still be in your bankruptcy?
Great question for your BK attorney
Could someone get remortgage on your guarantee?
It may be possible but understand if they fail to service their mortgage, the mortgage company will come after YOU not them.
Can a mortgage company in Iowa come after a spouse if that spouse is NOT on the loan but IS on the title in the event of death?
Iowa is not a community property state, but that does not change the fact that the home is still considered collateral for the loan. In the vast majority of case the mortgage would still be owed by the surviving spouse if he or she wished to keep the property. There have been some very interesting rulings in a few state courts that have allowed the suviving spouse to take over the property "free and clear" regardless of an existing mortgage, because of the state laws concerning marital survivorship rights. A few cases are still on appeal but the others have been declared legally binding in favor of the surviving spouse. This is one reason savvy lenders should always require a married couple to be joint mortgage holders.
If I foreclose on my house can the attorney come after me for attorney fees?
What I know about this is that a mortgage company that forecloses your house has no right to get the remaining balance to you.
Where in Oklahoma can you play in a zorb ball?
Unfortunately zorbing hasn't come to Oklahoma yet. OGO Inc (the company of the inventors of zorbing) has 2 sites in Pennsylvania and Massachusetts - http://www.theogo.com
My mortgage company is asking for explanation on two things that show up on credit report How come three that I know about did not show up on credit report they pulled?
It's possible that you have done business with a company somehow connected with the mortgage company. This being said, they may have some sort of inside information on your payment history in their internal system. Your credit report as you view it is the same as the mortgage company's view so this is the only explanation I can think of.
How do you get a mortgage with sister?
Just as you would with any other person that was not your spouse. Both of you will need to apply, and both of you will be liable for the payments. Assuming that you're applying for a mortgage on a house, the mortgage company will want to know if both (or either) of you will be occupying the house, or if you'll be using it as investment property. Any bank or financial company should be able to walk you both through the process. One suggestion. Go to a lender that has an actual office where you can talk to a live human being. I have yet to see an internet lender actually come across with a better deal than you could get using a local lender.
What is mortage insurance?
The term Mortgage Insurance can mean different things to different people and in a variety of situations. I have heard it refer to life insurance designed to pay off a mortgage balance due to death of an insured person. another type of Mortgage Insurance is products such a PMI, which indemnifies a bank or mortgage company in the case of a default on a mortgage loan. In this type of mortgage insurance the person who takes out the loan pays the premiums through their house payments, but will not receive any benefit from the insurance as the only one who gets paid is the bank or mortgage company. The insurance company can then still come after the borrower for the amount of their loss.
Is American Reverse a good mortgage company?
With so many mortgage companies in trouble American Reverse provides great service and good rates. They come highly recommended by those not interested in large corporations.
When divorcing how do you get your name off the house?
This matter should have been addressed in the divorce agreement. Generally, one spouse agrees to convey their interest in the property and the other agrees to refinance any outstanding mortgage debt in their own name. Once that agreement has been made it should be come part of the divorce decree.If there is a mortgage in your name then "getting your name off the house" will not get your name off the mortgage. You should contact the attorney who represented you in the divorce for advice on how to complete your severance from your former spouse. Signing a deed at this point will divest you of any interest you have in the real estate but you will still be responsible for paying the mortgage.
