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Co-owner of home stopped paying their share of mortgage how do I get them to pay?
Wiki User
∙ 16y ago
You sue them and, if they don't have the funds, you would likely start with getting their share of the asset owned.
Wiki User
∙ 16y ago
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What to do if your name is the thrid name on a time share deed that was foreclosed on?
All three owners are equally responsible for paying the mortgage and the foreclosure will affect all owners equally. You can avoid foreclosure by paying the mortgage.
I pay the mortgage but my husband paid for the house is it my house?
If you are paying the mortgage, your husband didn't pay for the house. The bank owns the house and you and your husband have an equal share in the equity.
Is there any way to get someone to pay their share of a home equity loan if they are a co signer and stopped paying?
Lawsuits, man, lawsuits.
What will happen if you stop paying on a timeshare that has a mortgage?
Failure to pay the mortgage on a time share property will result in the lending institution seeking a foreclosure on the timeshare; the lender will then own the timeshare and be able to sell it on to someone else.
What is work share mortgage?
A work share mortgage is when more than one title company prepares the title.
3 people have right of survivorship and one quitclaimed their interest to a new party Is this new co-owner responsible for that persons part of the mortgage?
If the joint owner who conveyed her interest was paying a third of the mortgage then her grantee would also be responsible for paying that share. The grantee in the quitclaim deed is a tenant in common with the other two joint tenants.
Your ex has stopped paying her half of the chapter 13 bankruptcy will you have to pay her share?
This is a question you really should be asking an attorney. It probably depends on what the divorce decree says.
Can a car and a motorcycle share a lane when stopped?
no
The mortgage payments during a divorce on a house with both partners on the deeds if one refuses to pay the mortgage what can the other party do?
One of you must pay the mortgage otherwise it is going to impact your pay history on your credit report and reduce your scores. Ask your attorney to draft and agreement to allow the person paying the mortgage receive the financial gain including equity and interest deductions. Avoid ruining your credit and putting your life due one person's reluctance to pay their share.
I am on the deed of a property with one other person. They claim that i do not have any interest in the property because i have not been paying the mortgage . What should i do?
As long as your name is on the deed then you have an interest in the property. It cannot be sold or financed without your signature. However, when the property is sold the co-owner will expect, as they should, a larger share of the proceeds since they have paid the mortgage. They may sue you at that time so that you will not get half of the proceeds and will prevail if they can prove they paid the mortgage. You can retain your interest and negotiate a share of the proceeds when the property is sold or you could negotiate with the co-owner to buy you out now. You may want to speak with a real estate appraiser and an attorney to determine what your options are and what your share is worth.
Does locked rhyme with stopped?
Yes, "locked" and "stopped" are considered near rhymes, as they share a similar ending sound, but they are not a perfect rhyme.
My name is on the Deed not on the mortgage How do I doc this on my taxes to receive partial credit on the mortgage interest if I assisted in making the mortgage payments?
You'll have to consult your tax advisor on this but typically from a lender point of view if you are not on the note than you don't have rights to an interest deduction come tax time. However, if you have an accountant who tells you different, than you'll have to produce cancelled checks or a statement of some kind to show your share of the mortgage payment being made directly to the lender. If it was paid payable to someone else than it is looked at as paying rent, which is this case would not get you a mortgage interest deduction.
