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Husband signs on loan for wife to get loan on house they both own can the lender come after him if loan not paid?
Wiki User
∙ 13y ago
Yes - the paperwork includes a form which states something along the lines of "the borrowers understand that they are each responsible for the full amount of the loan". This is why you should never cosign loans with anyone unless you're 100% sure you can afford to make the payment if they fail to do so.
Wiki User
∙ 13y ago
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Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
If a husband and wife are both listed on the deed for a house can one refinance without the others knowledge?
no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house? no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house?
Can my husband keep me from getting my stuff out of the house that is in both of our names?
no! i say call the police and say to him what happend
Can the Mortgage be in your name and deed be in both your names not married?
All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.All the owners of the property will be required to sign the mortgage so that in the case of a foreclosure the lender can take possession of the property. If only one owner signs the bank cannot foreclose on the other owner's interest.
Can you refinance two mortgages on one property?
Yes you can. But when you refinance your 2nd mortgage you have to inform your 1st lender and 2nd lender both.
In MI if the husband and wife are on the deed and the house is used for collateral do both parties have to sign the loan?
The lender will want both of the owners to sign the mortgage so that in the case of a default it can take possession of the property. Generally, when only one owner signs a mortgage the lender can only foreclose on that person's interest.
If a husband and wife are both on the title but only the wife's name is on the mortgage and the house goes into foreclosure will the husband's credit be affected?
Someone made a big mistake when they gave only the wife a mortgage. The lender can foreclose on only her half interest in the property, not the husband's interest. The lender's interest will then depend upon how the couple held title. Depending on the state where the property is located a tenancy by the entirety would create the most difficult stuation for the lender. You should speak with an attorney to determine the status of that mortgage and your rights in your particular state.
Do your husband and you have to put a house in both of your names?
It is not compulsory in the UK.
What is the difference in a cosigner and a guarantor?
A cosigner signs the debt agreement and the lender can demand payment from both the debtor and the cosigner. A guarantor does not sign and the lender needs to go through the debtor before demanding payment from a guarantor.
Is your husband allowed to lock you out of your house in Georgia?
No, because it is both of your homes.
What are the signs if your husband is having an affair and you both are far from each other?
Their are various signs that you can notice. Major one is the decrease in the time he used to spend with you contacting you.
Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?
Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.
Can the Mortgage be in your name and deed be in both your names - not married?
A lender would require that all the owners of the property execute the mortgage. If only one person signs the mortgage and it is later foreclosed, the lender would only get that person't interest. Lender would want ALL the interest conveyed in the mortgage deed.
husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?
“husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”
Do you have to divorce my husband before putting house for sell?
Usually a house is part of the divorce since it was bought while there was a marriage. This means that both of you have an interest in the house. You will have to settle with your husband what will happen with the house.
If a husband and wife are both listed on the deed for a house can one refinance without the others knowledge?
no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house? no, it is illegal both on the house - both have to sign one can sign a quick claim deed and then the other can refi the house?
Your husband is filing bankruptcy and told you he will file on the house it is in both names can he do this without your permission?
Yes
