All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
Yes they do
no
no
The basic assumption is that yes, the spouse is jointly responsible. It is assumed that both spouses will benefit from the transactions.
You can refinance without the spouse but you will need their consent to do so. If the spouse is on the title of the home, the answer is "no". If the spouse is on the existing mortgage the answer is "no". If the spouse is not on title you need to indicate on the loan application that you are married, and if you don't is fraud. At the time of closing she/he would have to be present. Inform you spouse of your actions.
no
Yes, a spouse can cash out their own life insurance policy in most cases. There may be some restrictions within the initial policy so this is an individual case basis.
You can set up a will without a spouse in it. However, the spouse may be able to elect to take against the will.
Yes they do
no
Depends who's name is on the mortgage. If both names are on, then you would need both spouse's to take out a home equity line of credit.
yes they can
The correct form is spouse's. Use this form when referring to something that belongs to one spouse. "Spouses'" is used when referring to something that belongs to multiple spouses.
Many divorces are mutual between spouses but if your spouse refuses to sign your divorce papers, the process can take significantly longer. While there is no guarantee, your divorce could anywhere from a month to a year longer than an uncontested divorce.
Yes.
I know you can still get divorced in NY without a signature if you've been separated for 2 years. There are other ways too but you still have to get consent from the court, like if you don't know where your spouse is
YES you can buy what ever you like ...