0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Are you a homeowner if you pay mortgage?
You are, but your mortgage company is on the deed and is also considered an owner of your home.
Can you take out a home equity loan on a house if you are not on the first mortgage but are on the deed with your parents?
Yes but your parents being on the deed will have to also sign.
Do you have to refinance a home to get ex spouse off of mortgage?
Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.
Can you deduct interest on a home loan taken out from a relative not from a bank?
Here's what I found so far: To deduct interest payments paid as itemized home mortgage interest, the loan obligation must be secured by a recorded mortgage or deed of trust against the home. This can be doneby their signing and recording a mortgage or deed of trust to secure the promissory note.
Does owner financing and contract for deed mean the same thing?
When a home seller offers "owner financing", they are essentially offering to hold a mortgage note for the deed on the property. The mortgage note is the "contract". The contract pledges the deed to the buyer once they pay in full. Once the "contract" is paid off, then the deed is transferred to the buyer as the new owner.
Are you a homeowner if you pay mortgage?
You are, but your mortgage company is on the deed and is also considered an owner of your home.
How could we change the deed from my parents name to the childrens name. They still have a mortgage on the home. what California deed would we use.?
If there is still a mortgage on the home then the deeds will be with the mortgage provider and they will not allow you to change the deeds without paying off the mortgage first.
Do you need to redo the deed to refinance?
You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.
Can you take out a home equity loan on a house if you are not on the first mortgage but are on the deed with your parents?
Yes but your parents being on the deed will have to also sign.
Do you have to refinance a home to get ex spouse off of mortgage?
Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.Yes. In return you need to get a deed that transfers their interest to you. This should all be done under the supervision of your attorney.
Can you deduct interest on a home loan taken out from a relative not from a bank?
Here's what I found so far: To deduct interest payments paid as itemized home mortgage interest, the loan obligation must be secured by a recorded mortgage or deed of trust against the home. This can be doneby their signing and recording a mortgage or deed of trust to secure the promissory note.
If a home is rented and goes into default who will be held responsible for the tenants the owner on deed but not mortgage or the other owner on deed and mortgage or mortgage company that forecloses?
First, default just means not paying. The mortgage company has nothing to do with the tenants until there is a foreclosure sale. The two owners on the deed are the landlords. After a foreclosure sale, the bank must give at least 90 days notice to tenants.
Can you quick claim deed yourself on your grandmothers title to her home but not on the mortgage?
You can't, but your grandmother could if she wishes.
Does owner financing and contract for deed mean the same thing?
When a home seller offers "owner financing", they are essentially offering to hold a mortgage note for the deed on the property. The mortgage note is the "contract". The contract pledges the deed to the buyer once they pay in full. Once the "contract" is paid off, then the deed is transferred to the buyer as the new owner.
Can someone who is on the home deed but not on the mortgage get a home equity line of credit?
The persons who are on title must both sign for a equity line of credit.
I don't want to lose my home to foreclosure. Can I deed it as gift to family?
Yes but someone still has to pay the mortgage.
Do you need to tell your mortgage company if you rent your house?
No, you do not. The deed has a due on sale clause, but no stipulation for renting your home.
