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Can you take your mortgage to a different mortgage company if they won't let you take your name off of the mortgage?
Wiki User
∙ 14y ago
Yes. The mortgage would need to be paid off and refinanced in order to terminate your obligations. If a lender won't agree to a refinance that means it doesn't think the remaining mortgagor is a good risk. They don't make enough money or their credit isn't good enough.
Wiki User
∙ 14y ago
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Can the mortgage company take your house without the deed?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
How does a Joint venture between a real estate company and mortgage company work?
A joint venture can take different forms depending on the agreement between the parties. A business arrangement between a mortgage company and a real estate company may simply consist of the real estate company referring all its buyers to the mortgage company for financing.
If Mortgage note is in one persons name and the deed to property is in another can mortgage company foreclose and take both house and land?
Yes. ==Clarification== The mortgage company can only foreclose if the OWNER of the real estate signed the mortgage. If someone other than the owner signed the mortgage the bank has no interest in the property and therefore cannot foreclose.
What form needs filed to put a mortgage lien on a property?
Generally a mortgage should be executed however mortgages take different forms in different jurisdictions. You should consult with an attorney in your jurisdiction. You would want the mortgage properly drafted so that you can take possession of the property if there is a default in the mortgage payments.Generally a mortgage should be executed however mortgages take different forms in different jurisdictions. You should consult with an attorney in your jurisdiction. You would want the mortgage properly drafted so that you can take possession of the property if there is a default in the mortgage payments.Generally a mortgage should be executed however mortgages take different forms in different jurisdictions. You should consult with an attorney in your jurisdiction. You would want the mortgage properly drafted so that you can take possession of the property if there is a default in the mortgage payments.Generally a mortgage should be executed however mortgages take different forms in different jurisdictions. You should consult with an attorney in your jurisdiction. You would want the mortgage properly drafted so that you can take possession of the property if there is a default in the mortgage payments.
Do you need a solicitor to take your wife off the joint mortgage?
Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.
How do you take a partner's name off the mortgage?
You can't take someone's name off the mortgage. The mortgage belongs to the bank and both of you signed a contractual obligation. The mortgage must be paid off and refinanced in one name and the partner must convey their interest to the co-owner. Then the property and mortgage will be in one name.
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
no
Are you obligated for the mortgage if your name is on the title?
You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.
What services are offered by the company called CCO Mortgage?
CCO Mortgage is a holding company which caters to homeowners who are looking to finance their home or to take out a mortgage on their home at a lower rate which the ease of applying for financing/mortgaging online.
What do you do if two single people are on a mortgage and one person abandons the property in Florida?
you got a problem. the mortgage company goes to the second person and they don't care as long as they get the money. if you can't handle the mortgage payments, try to get it refinanced for a lower amount or tell the mortgage company the problem. they rather get some money than nothing at all. if you can get the person to take their name off the mortgage and let you take over everything, that would be great. but you will have to found out from the mortgage company how to go about taking other persons name off. they will tell you , it has to be done by the one that abandoned it.you can get all the paperwork together for the other person and send it. but if that person wants what they invested in the property, the money amount. you may have to buy their portion out or sell it and divide up the money. but if they don't want it then maybe a letter to the mortage company from that person would take their name off.you really need to get in writing what that person is going to do concerning property.
Are mortgage companys the fee simple titleholder?
No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.
What is a mortgage company for?
A mortgage servicing company is a company that services the daily maintenance of a mortgage loan. In many cases, after a loan is taken out, and even if that loan is eventually sold to another bank or financial institution, the day-to-day operations is often handed over to another company. In taking this responsibility, the mortgage servicing company gets to take a small percentage of the interest payment, perhaps half a percent.
