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If a husband and wife are buying a home but only his name is on the mortgage will there be any problems if he is sued?
Wiki User
∙ 17y ago
If "problems" means would the home be in jeopardy if a creditor sues and wins a judgment, it is possible. How the property is titled and state homestead laws determine what action a judgment creditor can take against a debtor's home not the mortgage agreement. For example, a home that is held jointly by a married couple as Tenancy By The Entirety is not subject to creditor action when only one spouse is the debtor.
Wiki User
∙ 17y ago
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If i buy a home in my name while separated can a lien be put against it if my husband's home is forclosed on?
It sounds like you are not on the mortgage with your husband on your previous home. If he is foreclosed on, and you are only on the deed, then you have no financial liability. If you are buying a new home and you are on the mortgage with your husband, you won't be able to get a mortgage because you are on the verge of foreclosing Be careful when buying a home while separated however. Depending on what state you live your husband may be entitled to half the equity in your new home in the event of a divorce. Its called community property Here is a list of community property states: http://www.bankapedia.com/mortgage-encyclopedia/residential-mortgage-terms/121-community-property
What is a good way to get a cheap home mortgage?
A good way to get a cheap home mortgage is by buying a home that is small. The larger the house, the more the mortgage will cost. The mortgage depends on the size of the house.
What types of products does The Mortgage Works offer?
The Mortgage Works website offers mortgage advice and tips to people who are buying their first home. They also have worksheets and calculators for people to see what expenses they need to cover when buying a home.
Can I use a home mortgage calculator if I am buying a mobile home?
If you are financing it then yes you can use a mortgage calculator. You can find a free one if you go to www.bankrate.com.
What if your husband abandoned you in fl what are his rights to your home he is not on the mortgage and is not giving money towards the home?
they will take the home away
Do you need a home mortgage calculator before buying a home?
no but it can help you figure out how much you would pay and how much you can afford.
Will your husband be liable if the Home goes into default and the home is in the wife's name?
your husband will be liable only if his name appears on the loan or mortgage documents as a co-guarantor of the loan
What is sub prime mortgage and what does it do?
A sub prime mortgage is a type of mortgage in which you are paying a lower prime rate for the home you are buying. You could seek financial information from an attorney or financial rep.
Why is buying a home a major life decision?
Buying a home is a major life decision because it is a loan or mortgage you are likely going to have for a very long time. Many mortgage terms last 20 to 30 years, and that is a long time to be committed to one investment.
How much savings does one need to get good mortgage rates?
Again it depends on the type of house planed on moving to, if it is larger home the mortgage is generally going to be higher. Buying a home for around 300,000$ monthly mortgage is going to be around 1,658$.
What are different types of mortgages, and which is right for me?
A sub prime mortgage is a mortgage that would be right for you if you are looking to pay a lower prime rate for your payment after buying your new home.
Where can I find information and advice on residential mortgage services?
Residential mortgage services are basically just companies or banks that offer loans for buying a house. A mortgage is the monthly payment you make on your home, and banks will help you with this.
