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Does the boyfriend have to leave the house if the mortgage holder dies?
Wiki User
∙ 11y ago
Yes. All of the power is in the hands of the mortgage holder or owner. Example: a lease holder can ask an occupant to leave as it it thier dwelling (more or less though it belongs to the owner). But if the occupant also were on the lleases then it is a dispute that must be settled legally to decide whos name can be removed fom said lease.
Wiki User
∙ 11y ago
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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.
Can you refinance a second loan only and not the first?
Yes, but the holder of the second has to agree to it. Its called subordination. Normally when a first mortgage is paid off the second moves into the first position unless the holder agrees to "subordinate" the second. Yes, you can leave the second alone but the second mortgage company will have to allow it by signing a subordination agreement. Basically, a subordination agreement is an instrument that allows a first lien or interest to be paid off and allows another first mortgage company to come in and be the first priority lien holder.
Can you leave your home to your niece in your will and add her to the house title even if you still have a mortgage?
You can leave your home to your niece in your will but you should do it right now and don't put it off. However, you should check with your bank before you make any changes in the title to the property. There may be a clause in your mortgage that prevents deed changes.
How long can you live in a house without paying the mortgage?
ANSWER:The Bank will give you 90 days to make the next payment on the house. If you don't, The house will go into Foreclosure. And you'll be forced to leave. But, ya, the Bank will give you 90 Days.
What are some of the pitfalls of reverse mortgage?
The biggest pitfall of the reverse mortgage is that it is one of the more expensive credit options available. Because these loans are aimed at the elderly, other pitfalls maybe that an elder may need to move to assisted living and will still have a mortgage to pay, if the loan owner is unable to stay in the home all other family members must leave the house as per the mortgage rules, and if a reverse mortgage owner(s) dies the loan is still due.
What happens when you die and leave a mortgaged house to someone?
They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.
How long can you leave a house in a deceased person's name if there is no mortgage Who is responsible for the property taxes?
how long can you leave house in deceased name
What do you do with your boyfriend for the weekend at his house alone and we can't leave the house?
dunnno quite alot really
Who has to leave the house when a legal separation is taking place and who is responsible for paying the mortgage?
You can be separated and still live in the same house. No one has to move.The mortgage payment is made by the person whos name is on the mortgage. If it is in both names you are both responsible.
How do you get rid of your wives ex boyfriend?
If he come to the house you are living in and is abusive then you can ask him to leave. If he refuses to leave then call Local Police and explain why you are calling. The Police should then come to the house and talk with both you and the ex-boyfriend. Police will then decide if ex-boyfriend should be arrested or not.
How can I get my mom to leave the house for a few hours to let me and my boyfriend have alone time?
You don't. It's her house, and her rules.
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 to do when you cant get your daughters boyfriend to leave?
If this person is in your house, you should tell him to leave. If he refuses, you can contact the police. However, if he is in her home, there is nothing you can do about it.
Can you refinance a second loan only and not the first?
Yes, but the holder of the second has to agree to it. Its called subordination. Normally when a first mortgage is paid off the second moves into the first position unless the holder agrees to "subordinate" the second. Yes, you can leave the second alone but the second mortgage company will have to allow it by signing a subordination agreement. Basically, a subordination agreement is an instrument that allows a first lien or interest to be paid off and allows another first mortgage company to come in and be the first priority lien holder.
You live in RI your wife has been cheating on you since 2001 She bought this house presuming everything will be ok How do you divorce her and get the house or leave free from house mortgage?
The best you could do would be to try to require her to refinance the house as part of the divorce agreement. Then your name will not be on the mortgage. You will need to sign a quit claim as part of the process.
When your mortgage is paid off is it best to let the building society store your deeds for you?
Often, you are better to leave your mortgage running with say £1 in it as the building society will probably give you a reduction in house insurance with a mortgage. There is no reason why you should need to store the deeds at the building society unless you are looking to sell the house soon with them.
Is it legal for someone 17 years old to leave their house without their parents permission and live with their boyfriend that is 18?
no
