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That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.

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โˆ™ 2005-09-17 19:30:51
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Q: Does the cosigner on a mortgage need to be on the purchase and sale so the seller is aware of a cosigner?
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Does the cosigner need to appear on the pre approval letter and purchase and sale so the seller is aware of cosigner?

no, but to be sure ask your lawyer. In most jurisdictions that I know of mortgage details do not have to be disclosed to the seller.


Does the cosigner need to appear on the pre approval and purchase and sale so the seller is aware of a cosigner?

Call Fidelity Title, Chicago Title etc. In the state you are in and ask to talk to an escrow officer. They will be able to answer your question depending on the laws of your state.


Is California a non recourse debt state?

California is a non recourse state for your first mortgage. Be aware any form of second mortgage you will still be liable for.You may also be liable on the first mortgage if you have refinanced your original purchase mortgage.


Does a quitclaim deed exempt you from the mortgage responsibilty?

Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following:The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.Absolutely not. You may not be legally responsible for paying the mortgage but if it isn't paid the lender will take the property. If you purchase property that is subject to a mortgage by virtue of a quitclaim deed you should be aware of the following: The property remains subject to the mortgage until it is paid off and a discharge is recorded in the land records.Most mortgages contain a due on transfer clause that allows the bank to require immediate payment of the balance in full if the property is transferred.If the mortgage isn't paid the lender will take possession of the property by foreclosure and you will lose any purchase price you paid over to the seller.You should not purchase real property unless you are represented by legal counsel. Otherwise you have no idea what you are getting yourself into. You could be buying a lot of trouble.


I have a buyer for a home advertised on the multiple listing service. After entering escrow with the seller we find that there was a a third mortgage that the title company failed to record.?

The 3rd mortgage should be promptly recorded so that it can be properly discharged of record for closing. The 3rd mortgage should have no bearing on the sale, since the Seller was aware of all the mortgages they have against the property and should have set the price of the property high enough to pay off all 3 mortgages against the property. You just need to make sure that the mortgage is properly recorded and properly discharged of record at closing.


Does LLBean sell thermal socks?

LL Bean sells vintage thermal socks and you can find them in such places as ebay.com and amazon.com. The cost can vary greatly depending on the shipping and the seller, the condition of the item, and more. Be aware of any seller's negative feedback before you make a purchase.


Can I Cosign for a mortgage loan?

Yes. However, you should be fully aware that if the primary borrower does not pay you will be responsible for paying the mortgage. You have no other rights in the property.


What is the role of buyer?

The major role of buyer is to make the seller aware about his needs and wants And what are his expectation from the product.


Can you use a personal line of credit for closing costs down and fees to purchase a home?

I used my line of credit for legal fees and partially for downpayment but the bank that I got my mortgage from was not aware of it as my line of credit was with a different financial institution


If there is a satisfaction that satisfies priority mortgage is the junior mortgage automatically satisfied?

Should be if they ran a title search & are aware it is there. the 2d must be satisfied upon transfer or sale.


How do Mortgage Modifications work?

A mortgage modification can help you out by reducing your monthly payment. However, you will have a longer period of time before you pay the whole thing off, so be aware of that.


Is it beneficial to calculate a mortgage payment for the future?

It is always beneficial to calculate a mortgage payment for the future. Being aware of financial obligations, especially one as large a a mortgage payment, whether in the present or future, is a good step toward financial security.


What must I be aware of when purchasing a used 1.5 Rheem air conditioner?

When purchasing a used 1.5 Rheem air conditioner, there are a few things to be aware of. One is the reputation of the seller, and whether the seller has sold such equipment in the past. Another is whether the air conditioning unit is still under warranty, and what the return policy is.


If you are on the title must you be on the mortgage?

From the time that you are added to the title, you must be listed on all future mortgages of the property; not necessarily as the borrower or on the note, but certainly your signature that you are aware of the debt and accept that there is a lien on the property is required. If you have an exhisting mortgage on a property, you must be aware of any "due on sale" clauses or the any other clauses within the mortgage that could accelerate the loan should anyone be added to the title without the persmission of the lender.


What should I be aware of when looking for a mortgage lender?

You should look for a mortgage lender that offers a free consultation. They should be very upfront and let you know what the fees will be. You should chose a lender that has a brick and mortar location.


Can a bank put a second mortgage on a property without notifying the owner of the property?

In most states and with most banks, the answer is no. It can get complicated in a couple of states though. I am aware of several cases where a more that one person was on title for a home. Only one of them applied for and received a second mortgage, the other was not aware.It is best to check on your state laws.If you are the only one on title, I can not see this happening with a 2nd mortgage.


Where can one get good mortgage interest rates?

For a good mortgage interest rate, one needs to be aware of their credit score and their own financial situation. Asking one's lender for the total cost can help a lot too.


Why a shareholder of a company can not purchase products of that company?

because he is aware of the cost price


Where can I purchase cd sleeves?

Sylvania light bulbs may be purchased wholesale from online retailers like www.sunshinelighting.com or www.westsidewholesale.com/lighting/light-bulbs, but be sure to check whether they will ship to your location. You can also find large quantities on eBay, but be aware of both the seller's reputation and their shipping charges.


What are some common risks on taking out a mortgage loan?

There are a number of risks one needs to be aware of when taking out a mortgage loan. This includes the risk of losing your home if you cannot keep up with payments, and the risk of the house losing in value in the future.


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Your best chance for obtaining a new mortgage loan will be with your current lender. They are already aware of your dedication to your obligations and may be more willing to work with your bad credit rating.


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There are a few precautions that should be taken before trusting a seller who claims to have authentic Dolce Gabbana products. It's important to be aware of the traits that certify a Dolce Gabbana product as being authentic.


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