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No. When you mortgage a property you are signing yourinterest over to the bank as collateral for the loan. You can't do that if you don't own the property.
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∙ 13y ago
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Can you be listed on the title for a home but not on the mortgage and still see improved credit scores if you are making all the payments?
In theory, anyone can be listed on the title to a home. That is a totally separate issue from the lender reporting the payment history to the credit bureaus. I am a mortgage broker and based on your question, I have no idea how your credit score vould be improved WITHOUT you being on the loan. Why are you not on the mortgage but on the title? That gives you a lot of power over that home without any liability.
If two people are on title can one renew the mortgage without the other?
no for the it is also rightly the others
Should your parents have you on the title of their house to avoid forced sale?
If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.
Can you change the names on a mortgage loan?
Not without refinancing the existing loan and changing the names on the title to the property..
Can a person be put on the house title without being put on the loan?
I'm not sure if it varies from state to state, but we were able to do that. The mortgage is in my husband's name, yet both of our names appear on the deed.
Can you be listed on the title for a home but not on the mortgage and still see improved credit scores if you are making all the payments?
In theory, anyone can be listed on the title to a home. That is a totally separate issue from the lender reporting the payment history to the credit bureaus. I am a mortgage broker and based on your question, I have no idea how your credit score vould be improved WITHOUT you being on the loan. Why are you not on the mortgage but on the title? That gives you a lot of power over that home without any liability.
If two people are on title can one renew the mortgage without the other?
no for the it is also rightly the others
Should your parents have you on the title of their house to avoid forced sale?
If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.If your parents granted a mortgage and then default on the payments, adding you to the title after granting the mortgage will not stop a foreclosure.
An owner died 20 years ago and the taxes on the property are currently being paid by a bank so how can you purchase the house?
If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.
Can you change the names on a mortgage loan?
Not without refinancing the existing loan and changing the names on the title to the property..
Can you get a mortgage commitment before a title search?
Generally, the title examination isn't ordered until there has been mortgage commitment. The reason is that people (buyers) don't want to pay for a title examination if the mortgage isn't approved. However, some lenders give a preliminary commitment that depends on the title being free of defects. In that case they want the title report a couple of weeks before the closing is scheduled.
Can a person be put on the house title without being put on the loan?
I'm not sure if it varies from state to state, but we were able to do that. The mortgage is in my husband's name, yet both of our names appear on the deed.
Can you drop a spouse from a mortgage without their signature by refinancing?
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.
What is work share mortgage?
A work share mortgage is when more than one title company prepares the title.
What is a purchase money first mortgage?
A purchase money or first mortgage is the mortgage granted in order to purchase the property. It usually indicates that the title was examined, a certification of title was issued by an attorney and a title insurance policy was written.
How long a Preliminary title report good from the time of mortgage application?
The title report should be dated as to the date the examination covers. When the mortgage is recorded the title report will need to be updated up until the recording of the mortgage.
What does countrywide reverse mortgage cause?
Reverse Mortgage A reverse mortgage is a loan that allows homeowners age 62 and older to access a portion of the available equity in their homes without having to sell the home, give up title, or make monthly reverse mortgage payments.
