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How do I get my wife off my deed since the loan is only in my name?
Wiki User
∙ 12y ago
Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
Your wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYour wife must voluntarily sign a deed transferring her interest in the property to you. She may want you to buy her out.
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Can I remove my ex-wife's name from my mortgage deed and loan through a loan modification?
No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.No. Her name can only be removed via a refinance.
If you are married must a mortgage use both partners' credit or can it be in only one person's name?
My wife and l bought a condo and it is in both our names but the loan is only in my name We just bought a house but the mortgage loan is only on my name. The title and deed is is both our names.
The mortgage is in your name but your name is not on the deed how do you get your name on the deed?
If you signed the mortgage and note then you promised to pay for property you do not own. By signing, you agreed to be fully responsible for paying the loan if the primary borrower, the owner, doesn't pay. The only way for you to get an ownership interest would be for the owner to convey an interest to you by a deed.
When you refinance a house as a co-borrower can you take your name out of the loan?
Only if the borrower qualifies on his own and the bank allows it. You will also have to be removed from the deed.
Can i take my name off the loan and put my boyfriend's name on it?
Assuming you already have a loan in your name, and assuming this loan was approved in the last 20 years or so, no. You can't change a loan from one person to another. The only way to change a loan is to get a new loan. Remember the bank needs to be sure your boyfriend is credit and income-worthy of the loan, just like they did with you. Assumable mortgages have not been around in a long time. Nowadays, loans are unassumable, meaning each time a loan is received, it must go through the process of approval with the bank. If I misunderstood you, and you were really asking can the deed have the names changed, sure. That's just a quit claim deed. However, no matter what the deed says as far as ownership is concerned, the loan will still be in your name until a new loan is received.
You are buying a home with your boyfriend but because your credit is good and his is not you will be the loan holder and he will be on the title how can you assure you are protected?
In order to perfect its interest in the mortgaged premises in case of foreclosure, the bank must have all the owners execute the mortgage. If your lender wants the mortgage to be only in your name then the title on the deed will also need to be only in your name. Your boyfriend's name will not be on the deed. The property will be in your name alone and you will be the person legally responsible for paying the loan.
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
What happens when two people sign for a loan but only one is on the deed?
Whomever signs on the dotted line is responsible. So in this case, both people are responsible for the loan being paid regardless of who is on the deed. In fact, the deed can be transferred or deeded to someone else altogether, but the 2 individuals who took out the loan are still responsible to make sure payments are paid and who will ultimately be affected if payments are not paid. The property is only collateral for the loan.
I want to do a VA refinance on wife's fha mortgage in my name only but you I not on the deed or the original fha mortgage Lender says this isn't a refi Will it work if I am added to the Deed?
you can refi the mortgage without your wife. you do not have to ad yourself to the deed you can be placed on ded at the day of closing. VA will consider this a VA cashout mortgage, and will only go to 90% of the loan to value. Your name can be added at closing
My name is on the house loan but my husbands name is only name on the as owner of the house if he dies what will happen to the house Will it go to me?
If your husband dies, you will be responsible for paying the mortgage since you volunteered to be the co-guarantor. If your name is not on the deed his interest will pass to his heirs according to the laws of your state unless he executes a will making you the sole beneficiary of his real estate.
What happens if mortgage loan holder files for bankruptcy when the title has other people also?
If there are 2 people on the deed of trust and only one on the loan - then the person who has defaulted on the loan will have their credit negatively affected. The one who is only on the deed of trust will lose ownership to the bank or mortgage company, however, their credit will not be affected unless they co-signed or guaranteed the original loan that has defaulted.
My husbands and my name are both on the deed to our house but only my name is on the loan Will we be able to refinance only in his name?
If he qualifies alone, federal law allows him to apply without you. However, the lender may either have you sign the Deed of Trust, or may require that you be deeded off the house for the transaction to take place. In the latter occurs the lender may allow you to go back on after. Check with the lender, some have verbiage in the Deed of Trust forbidding any ownership changes.
