0
If a house is quit deeded to someone will the bank as for the remaining balance on the house?
Wiki User
∙ 14y ago
Yes. Most mortgage documents have a "balance due on transfer' clause as part of the boilerplate language. If you transfer ownership the bank can demand payment of the mortgage in full.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What if there was a will and house was deeded to wife upon his death what about the contents of the house?
What if there was a will and the house was deeded to the wife what about the contents of the house?
Can the Owner get deeded house back?
The owner of a deeded home can get the home back if the home is in his or her name. The taxes must be paid on a deeded home in order for it be a clear deed.
If I foreclose on my house can the attorney come after me for attorney fees?
What I know about this is that a mortgage company that forecloses your house has no right to get the remaining balance to you.
What happens to the remaining mortgage balance if your house is foreclosed on and sold for less than the balance of the mortgage?
The amount that the bank forgave the difference from what you owed and the house is worth will be issued to you on a 1090 form and you will owe tax on that amount.
Is deeded a word?
No, deeded is not a word whoever asked this question because deeded is already pural. Of course "deeded" is a word. The asker is referring to the verb "deed", not the noun "deed" hence its pluraliity has no bearing as a verb cannot be plural. "The grandfather deeded his house to his grandson."
What does foreclosure in a house mean?
its like when you cant pay your rent in an apartment. the people that own it kick you out. or, in this case, the bank does it means that someone cannot afford to pay for their house. therefore the bank forecloses it or in other words takes it away and sells it for the remaining balance of the loan.
If a house is in foreclosure can it be quit claim deeded to someone else?
No. That would only complicate the situation and result in more legal expenses that will be passed on to you eventually.
If you buy a house and the land is deeded do you own the land?
Yes. In fact, you are actually buying the land and the house is attached to it.
What is the purpose of mortgage loans?
A mortgage loan is obtained when one is purchasing a house. In return for using the value of the house as collateral, a mortgage company will provide a loan for the remaining balance.
Do you have to pay mortgage if your house is for sale?
Yes, you are responsible for your mortgage payment until the day of closing the sale to a new owner of the house. Any remaining balance will be paid through the proceeds at closing.
If you can't afford car payments anymore will they put a lien your my house?
Don't think so , unless you used your house for collateral when you bought the car. Generally they will repo (take it) it and you may be responsible for the remaining balance that is owed.
Can you keep a house if one owner dies but the other is living?
look up joint tenants and tenants in common.Depends on how it was deeded
