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Do you have ownership rights to the house if you are listed on the deed but not on the mortgage?
Wiki User
∙ 9y ago
Yes, but if your name was added to a deed after the owner granted the mortgage your interest is subject to the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure and your interest will be wiped out.
If the mortgage is paid and the house is sold you will receive half of the proceeds at the time of sale.
Wiki User
∙ 9y ago
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Can a house be sold with your name on the deed as co-signer?
Deeds don't have co-signers; loans have co-signers. Loan responsibility and property ownership rights are separate. If you are listed as a part-owner of a property it CAN NOT be sold without your signature on the transfer documents. If you are a co-signer on a mortgage loan but are not listed on the deed, you have no property rights unless you have rights under community property laws.
How do you get your name on husbands mortgage?
You have to apply for a mortgage jointly for both people to be listed on a mortgage. You can however have your name added to a title of a house with simple paperwork.
Can a house be considered community property, if there is only one Name on the mortgage?
If you are married in a community property state, then yes, it is a community property. The mortgage is irrelevant - it is whose name on the deed that determines ownership.
How do I find property ownership?
The local court house will have the land and ownership files. You should be able to get the information there. If you need to verify property ownership quickly you can simply use a online database to pull property owner records and mortgage data
If one spouse's name is on the deed and mortgage does the other spouse have any rights of claim to the property?
If it's the primary residence, both spouses have equal rights of ownership regardless of whose name is on the deed or mortgage. Second homes or investment properties do not apply to this. The court assumes "tenants in common" ownership for any married couple regarding their primary residence. (there may be an exception in some states if the house was owned by one person before they got married, and now the spouse lives there too - ask a lawyer if that's the case)
What are the rights of an unmarried partner to the ownership of a house in Ireland when they do not have their name on the Deed nor contribute to the mortgage?
No rights.
What if 2 people are on a mortgage and one moves out of the home in North Carolina?
The names on a mortgage are not what decides ownership, the deed to the house is the determining factor. Married couples generally own a house by Joint Tenancy With Surviviorship Rights, Joint Tenancy or in a few states Tenancy By The Entirety. Even if one spouse leaves the residence he/she does not lose their rights of ownership.
I am on homestead deed what rights to the property do you have?
my family and I live together however my brother and I are on the mortgage and listed as owners as the dual owners. we have added two family members on the homestead we have all paid on the mortgage and house bills. what rights do the other siblings have to the house?
Can a house be sold with your name on the deed as co-signer?
Deeds don't have co-signers; loans have co-signers. Loan responsibility and property ownership rights are separate. If you are listed as a part-owner of a property it CAN NOT be sold without your signature on the transfer documents. If you are a co-signer on a mortgage loan but are not listed on the deed, you have no property rights unless you have rights under community property laws.
If your grandmother lets a grandson stay in her house while she is still living does the grandson have ownership rights to the house when she passes if he is NOT one of the heirs listed on her will?
AnswerNo. Giving her grandson permission to live in her house gave him no right to ownership. Her will must be probated and the property will be distributed according to the terms of her will.
How do you get your name on husbands mortgage?
You have to apply for a mortgage jointly for both people to be listed on a mortgage. You can however have your name added to a title of a house with simple paperwork.
What rights does a mortgage holder have to inspect property?
Most notes and mortgage contacts give the lender many rights to inspect if they feel the house is not being taken care of and effecting their collateral position. Always remember, until that mortgage is paid, they own the house, not you.
What does redeem your house mean?
If you are purchasing your house with a loan or mortgage then you do not actually own it, the title deeds are in the name of and held by the person or organization lending you the money. You can redeem your house by paying off this mortgage and thus gaining ownership of the deeds of title to the house.
If a house is quit deeded to someone will the bank as for the remaining balance on the house?
Yes. Most mortgage documents have a "balance due on transfer' clause as part of the boilerplate language. If you transfer ownership the bank can demand payment of the mortgage in full.
Does the next of kin have to pay off a mortgage when the borrower has deceased?
Whoever inherits the house would need to either pay off the mortgage or refinance the house to take ownership of the house. The debt is not paid--unless the deceased had mortgage insurance--and the lien is still due. Of course, the house could be put up for sale, but only if payments are current and not in foreclosure.
Can a house be considered community property, if there is only one Name on the mortgage?
If you are married in a community property state, then yes, it is a community property. The mortgage is irrelevant - it is whose name on the deed that determines ownership.
How do I find property ownership?
The local court house will have the land and ownership files. You should be able to get the information there. If you need to verify property ownership quickly you can simply use a online database to pull property owner records and mortgage data
