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It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.
Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.
It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.
Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.
It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.
Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.
It sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.
Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIt sounds as though the property is already subject to a mortgage. If that is the case you need to consult with an attorney before "adding" your name to the deed. Although that won't make you responsible for mortgage payments if may trigger an unpleasant situation.
Mortgages have a due on transfer clause whereby if there is a transfer of ownership, the lender can demand immediate payment of the outstanding mortgage, in full. If the owner wanted to "add" you to the deed they would need to execute a deed transferring an interest in the property to you. That may trigger the due on transfer clause in the mortgage. You need expert advice before you proceed.
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Can you put someone on the deed without them knowing it?
It would be possible to quit claim someone on the TITLE without them knowing. You would not have a way to make them liable for the note without their knowledge.
How do you make a payment?
i want to make a payment
Do you say do a payment or make a payment?
The correct way to is to say "make a payment." Your action isn't doing anything besides actually making said payment, so "doing a payment" would be incorrect. To use it correctly in a sentence, an example of this would be "I need to hurry up a make a payment before my landlord takes my apartment away from me."
Does a payee make payment or receive payment?
receive
How do you use payment in a sentence?
I have to make a payment on my mortgage.
What does 'trust deeded out to a quitclaim' mean?
Your phrase does not make sense. A quitclaim is a deed. A trust does not deed out TO a quitclaim. You need to clarify your question by adding more details.
When adding a name to a deed of a house does that make that person part owner?
Yes. They will become an owner until they convey their interest to someone else by deed.
Can you put someone on the deed without them knowing it?
It would be possible to quit claim someone on the TITLE without them knowing. You would not have a way to make them liable for the note without their knowledge.
In Ohio can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder?
No, it does not make the non account holder legally obligated to continue payment nor assume the debt.
Is insurance coverage valid if the insured did not make a payment to finalize the policy before an accident occurred?
In most cases, no. There's usually a waiting period after they receive the payment * Agreed, if the policy was not in force at the time of the accident the insurer is not liable for paying damage claims.
Buying a house from your mother without down payment?
If the mother agreed to it, I do think there is no harm about that, just make sure that the transfer of the deed will still be pursued and all necessary documents will be processed.
Can a minor sign a deed of quit claim on life insurance?
A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.A minor cannot sign a deed so as to make it legally binding.
Is there a way to remove a co signer from a mortgage without refinancing by using a quitclaim deed?
No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.
How do you make a payment?
i want to make a payment
Does a deed have to be rewritten to add a child's name to the deed to be transferred at death?
Yes. You would need to draft and record a new deed in the land records. If you wish to add an adult child's name to your deed as a joint tenant with the right of survivorship you must consult with an attorney to make certain the deed is properly drafted. Deeds should always be drafted by a professional who can explain the consequences and draft the deed properly. Errors made by non-professionals can be costly to correct if they can be corrected. Adding to that problem is the fact that errors may not be discovered until years later when the grantor has died.Yes. You would need to draft and record a new deed in the land records. If you wish to add an adult child's name to your deed as a joint tenant with the right of survivorship you must consult with an attorney to make certain the deed is properly drafted. Deeds should always be drafted by a professional who can explain the consequences and draft the deed properly. Errors made by non-professionals can be costly to correct if they can be corrected. Adding to that problem is the fact that errors may not be discovered until years later when the grantor has died.Yes. You would need to draft and record a new deed in the land records. If you wish to add an adult child's name to your deed as a joint tenant with the right of survivorship you must consult with an attorney to make certain the deed is properly drafted. Deeds should always be drafted by a professional who can explain the consequences and draft the deed properly. Errors made by non-professionals can be costly to correct if they can be corrected. Adding to that problem is the fact that errors may not be discovered until years later when the grantor has died.Yes. You would need to draft and record a new deed in the land records. If you wish to add an adult child's name to your deed as a joint tenant with the right of survivorship you must consult with an attorney to make certain the deed is properly drafted. Deeds should always be drafted by a professional who can explain the consequences and draft the deed properly. Errors made by non-professionals can be costly to correct if they can be corrected. Adding to that problem is the fact that errors may not be discovered until years later when the grantor has died.
Where can you make a payment to rena ware?
where can I make a payment
Do you make payment plans ?
Do you make payment plans
