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Does someone take possession of property when contract is signed?
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Do you have to pay your deceased brother's mortgage?
No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.
Are you responsible for loan debt if you are on the deed to house but not on the loan?
No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.
What if you signed mortgage but not promissory note?
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
What are the dangers of selling house on contract?
If a seller and a buyer have already signed a contract, then you have to sell according to the contract. If you want to sell to someone else not on the contract, then you have to get out of the first contract.
Can a joint mortgage be renewed by one person?
A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.A mortgage must be signed by all the owners of the property. One co-owner cannot mortgage the property because the lender needs to have the right to take the property by foreclosure in case of a default. If all the owners didn't sign the mortgage the bank cannot take full possession of the property.
in a real estate transaction what does the note contains?
The note is a signed contract that contains all the provisions attached to the repayment of the loan to purchase the property. That includes the amount, the interest rate, the date when the debt must be paid, etc.The note is accompanied by the mortgage. It gives the lender the right to take possession of the property in the case of a default.The note is a signed contract that contains all the provisions attached to the repayment of the loan to purchase the property. That includes the amount, the interest rate, the date when the debt must be paid, etc.The note is accompanied by the mortgage. It gives the lender the right to take possession of the property in the case of a default.The note is a signed contract that contains all the provisions attached to the repayment of the loan to purchase the property. That includes the amount, the interest rate, the date when the debt must be paid, etc.The note is accompanied by the mortgage. It gives the lender the right to take possession of the property in the case of a default.The note is a signed contract that contains all the provisions attached to the repayment of the loan to purchase the property. That includes the amount, the interest rate, the date when the debt must be paid, etc.The note is accompanied by the mortgage. It gives the lender the right to take possession of the property in the case of a default.
If you have financed a boat for someone and have a signed contract with terms Can you repo it yourself in Florida legally if the contract terms are broken?
Generally no unless you reserved that right in the contract the borrower signed. Check the language in the contract that sets forth the remedy in the case of a default. You may need to obtain a court judgment in order to take possession.
Do you have to pay your deceased brother's mortgage?
No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.No. Not unless you co-signed the mortgage. If you co-signed you are responsible for paying the mortgage.If you stand to inherit his property, the estate must be probate and the mortgage must be paid or the lender will take possession of the property by foreclosure.
If i didn't take possession of an ATV can I void the contract?
IT depends on the content of the contract. Plus if you are 18 or over and you signed it then you may be stuck with it.
Are you responsible for loan debt if you are on the deed to house but not on the loan?
No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.No. Not unless you signed the note. However, the lender may have the power to take possession of the property by foreclosure if the mortgage loan isn't paid.
What does let stc mean?
Let STC means let subject to contract. It means that someone has made a verbal property agreement but has not yet signed anything.
Can property said to be given prior to death but not documented be kept from probate?
Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.Generally, no. If the property was not conveyed by deed during the life of the owner then it becomes part of their estate. If someone can produce a valid written contract, signed by the owner before their death, promising to convey the property then the estate representative will have to honor that contract. Otherwise the property will pass by the decedent's will or according to the state laws of intestacy if there is no will. If you still have questions then you should speak with the attorney who is handling the estate.
What if you signed mortgage but not promissory note?
If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.If you didn't sign the note that means you are not responsible for the debt. If you signed the mortgage that means you consented to the property being used as security for the debt and if the note isn't paid the lender can take possession of the property by foreclosure.
How old do you have to be to sign a contract for a gym membership?
No, the contract must be signed by someone 18 or older.
If you have not taken possession of the motorcycle in Florida but have signed the state tag and title paperwork Do you still have to take the bike Can you cancel the contract?
If you have not taken possession of the motorcycle in Florida but have signed the state tag and title paperwork Do you still have to take the bike Can you cancel the contract? In:http://wiki.answers.com/Q/FAQ/4423 [Edit categories][Improve]
What are the dangers of selling house on contract?
If a seller and a buyer have already signed a contract, then you have to sell according to the contract. If you want to sell to someone else not on the contract, then you have to get out of the first contract.
Does a quitclaim deed remove you from financial responsibility?
No. A quitclaim deed changes the ownership interest in the property. This does not change or impact the loan note signed by the borrowers, both of whom retain join legal liability for the loan. Furthermore, most loan documents (usually the deed of trust or note) state that any changes to the ownership of the home without prior written consent of the lender constitutes a violation of the loan terms and may be considered a default.
