You will have to refinance your loan in order to get his name off. The loan now has both of your names on it because you both appied at the same time. This mortgage has to be paid off in order to remove the ex-spouse. That means you will have to apply for a new mortgage in your name only.
Refinance the lending agreement without the person's being a participant.
A quit claim deed will be rather inexpensive. However, the spouse can require payment to sign the agreement. You cannot remove them without their agreement and consent.Another PerspectiveA quitclaim deed will transfer the interest of the spouse in the property but will have no effect on the grantor's responsibility to the lender or the mortgage. Generally, the mortgage must be paid and refinanced in order to remove a spouse from any responsibility for paying the mortgage.
You will need to make contact with the mortgage holder (people that loaned money to buy the house) and get their approval. Until the loan is paid off, the mortgage agreement is between the homeowner and the mortgage holder. That agreement cannot be changed without their approval, or a court order (such as bankruptcy) or the death of the borrower. In effect, you would transferring your mortgage to the other person- and that person might not be acceptable to the mortgage company.
The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.The mortgage must be paid off and refinanced without the co-signer.
You need to go and see a mortgage broker. However if there is already a mortgage on the house with two signatories, it is unlikely that you will be able to get a second mortgage without the agreement of the second signatory as it will affect their primary mortgage. It will also depend on the property deed. If the land is titled to a single person, that person can obtain a mortgage. Note that a spouse is considered to be on the title even if it isn't printed there in most jurisdictions.
An expandable mortgage is a Mortgage allowing the borrower to borrow more money without rewriting the initial mortgage.
Your name cannot be taken off a mortgage because the mortgage is owned by the lender. You remain responsible for the mortgage until it is paid off or refinanced without you.
If the home was part of the bankruptcy - possibly. It all depends on what the wording of the mortgage agreement may be.
Typically you can refinance the a Primary Mortgage without refinancing the second line of credit or equity loan. It will require a subordinaion agreement by the lien holder of the line of credit. They will require several documents from new Primary Mortgage Holder to be. They will need things like a copy of the appraisal, application for the loan etc... They will most likely require a payment to process the agreement usually around 100-200 dollars. The subordination agreement usually takes about 2 weeks to complete with most lenders. Loan to Value will be a concern for this.
No, that would not be legal. The mortgagee is no longer living. The mortgage holder will want to evaluate the risk and credit of the people that owe them money.
You have no control over a lender selling your mortgage. However, it is less likely if you do business with a local bank.
Without the prefix dis- you have the word agreement. Agreement is the opposite of disagreement. Agreement is the act of agreeing disagreement means not agreeing not being in harmony
A single heir can only mortgage their interest in the property. For example, an heir with three other heirs only owns a 1/4 interest. Most lenders will not loan money on a proportionate interest in real property.
Presuming it isn't any type of assumable without qualification loan, No...he would almost certainly have to refinance and qualify on his own. (You can't just change the agreement you made with the lender).
Yes, you can get a cell phone plan without the customer agreement by going to smaller companies. For example, cricket has numerous plans were there is no agreement.
i would think that a lateral agreement is when two parties come to an agreement without any form of help.
I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.
Yes, you can sell a house without spousal consent it their name isn't on the mortgage. If their name is on the mortgage, you will need their consent.
It is difficult to translate that clause without reading the entire section . Generally, a note and mortgage must be paid off upon the death of the mortgagor. If the heirs want to keep the property then they must pay off the mortgage. If they cannot or decide not to then the mortgagee will take possession of the property by foreclosure. Some lenders allow the heirs to assume the debt as long as it does not go into default.
can i get aloan to fix my house without taken a second mortgage out
Yes, if your credit score is pretty decent (550 or so). In fact, it's probably better to refinance than to enter into a forebearance agreement because you will be in default if you miss even one payment and the mortgage company may secure a default judgment against you WITHOUT YOUR KNOWLEDGE!
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
Only if the mortgage contract is not a joint. Please keep in mind that a secured lender is given more consideration than an unsecured one to be excluded from any BK action. Most mortgage lenders are more than willing to make a reaffirmation agreement with the mortgagee if they can be convinced there will be no future difficulties.