0
Can a spouse refinance once separated from the loan owner in California?
Wiki User
∙ 11y ago
Yes you can refinance and in order to secure a California home loan your spouse would have to sign a quitclaim deed, included in the final loan papers,to the affect that they are giving up their rights to the property. Your lender must put their blessing on this as well and your spouse will receive a questionairre from the tax collector asking if she received any funds (a buyout) in exchange for coming off title.
<Ahref="http:www.affordableloansbykevin.com">California home loan</A>
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How can one refinance his own house?
There are many ways a home owner can refinance their home. Some easy routes would be to go to their primary bank and checking to see if that option is available.
When you refinance a mortgage can you get a refund on title insurance paid on the existing loan either lender's or owner's policies?
In many states, there is a discounted refinance rates for the premium. Ask the title insurance agent who is doing the new Mortgage Policy if you qualify for a discount. There are no discounts that I know of, on an Owner's Policy, since when a new Owner's Policy issued, it means the property and chain of title, has transferred hands.
Why is it bad to do a 100 percent refinance?
If you refinance and you don't have enough equity in your home, then you are paying refinance fees and adding to your debt, plus your house isn't worth what you are paying so there is more liability to the bank. Banks don't like to take risks on the owner defaulting since they rarely get what the house is worth if they have to foreclose.
How do you get a co-borrower off a mortgage?
You need to pay off the mortgage and refinance in your own name if you are the sole owner of the real estate.
What if one co-owner wants out of mortgage?
The mortgage must be paid off and the co-owner must refinance in their own name. The one who wants to take their name off the mortgage must convey their interest to the co-owner by deed.
Did Nat Turner have a spouse?
Yes, but he was separated from her when his first owner died.
Can you remove your separated spouse from your auto insurance in the state of North Carolina?
Not if she is listed as part owner of the vehicle.
In Michigan do you have to help pay for a house that was acquired before marriage if the person will not add you as co-owner or beneficiary?
Yes, if you are on the lending contract and the non-owner spouse is not relieved of the responsibility in the dissolution terms of the marriage. In many cases the stipulation in the divorce decree releasing a spouse from the financial responsibility will not be enough for the lender to do likewise. The spouse who is taking the financial responsbility must refinance the property to have the non-owner spouse legally released from the obligation.
Can primary owner refinance a car loan without consent from co owner?
A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.
What do you do if spouse died and still owes loan on a car?
It depends on your state law. In community property states, if the car was community property, the surviving spouse becomes the owner. In most other states, the surviving spouse and/or any children become the owners as heirs at law. The problem is that you may have to apply to refinance the car loan, which does not pass by intestacy rules. That may require you to file an estate action to become the formal owner of the car, but it may be that the estate is bankrupt under state law. Consult an experienced estate lawyer in your area.
Can one spouse file bankruptcy on a jointly owned business if the couple is separated and one spouse has left the state?
No, the other spouse/owner will have to be a part of the BK filing or surrender their share of ownership before a BK is possible. Be advised that such action as transferrance, sale or other such is governed under conveyance laws relating to any pre-bankruptcy financial transactions.
When one spouse dies what happens to jointly owned property?
The surviving spouse becomes the sole owner.
How do you refinance a life estate property?
Generally, in order to refinance the property the owner of the property AND the life estate holder must both sign the mortgage. If you are only a life estate holder you cannot refinance the property. A lender will grant a mortgage to the owner of the property only and the life estate holder must sign their consent. See related question link.
How can one refinance his own house?
There are many ways a home owner can refinance their home. Some easy routes would be to go to their primary bank and checking to see if that option is available.
If you are financing a vehicle can you remove the co-owner from the vehicle?
Only if you refinance the vehicle without the cosigner on the new loan.
Spouse is on title of house with his parents my name is not on it?
In that case, you are not an owner of the property.
Can condo owner's spouse who is not an owner serve on board?
Whether or not a condo owner's spouse who is not an owner can serve on the board depends on the specific rules and regulations set forth by the condominium association. Some associations may allow non-owners, such as spouses, to serve on the board, while others may require board members to be owners themselves. It is important to review the governing documents of the condominium association to determine the eligibility requirements for serving on the board.
