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If money is borrowed against property with more than one owner do all have to sign for loan?
Wiki User
∙ 14y ago
Yes. If all the owner's do not sign then the bank will not acquire a full interest in the property. If there is a default the bank can only foreclose on the interest of the owners who signed the mortgage.
Wiki User
∙ 14y ago
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Can a company file a mechanics lien against your property if the builder of your barn owes them money?
Yes, a company can file a mechanics lien against property if the builder of the barn owes them money. This can be a nightmare. To get rid of the lien, a property owner might have to pay the lien holder and then sue the builder for return of funds. This tactic is not fair to the property owner because, if the builder was already paid for the barn, the property owner now has to pay double.
What is the significance of a reverse mortgage?
Reverse mortgages, unlike ordinary mortgages, enables one to borrow money against the value of his or her property. In this case, repayment of this mortgage is only necessary when the property is sold, or should the property owner pass away.
If you live in a trailer park and don't pay the space fee can the property owner put a lien on your trailer?
Yes. If you owe the owner money, he can petition the court for lien against your personal assets (i.e.: trailer),
Does the person have the right to sell property on her name when the money to buy the property is from her live-in partner?
Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.Absolutely yes. If the property is in her name then she is the owner and has the right to sell it.
What can homeowner do if lien is file against his property?
The owner cannot mortgage or sell the property until the lien is paid.
Can you be responsible for judgments against the previous owner of your property?
Absolutely yes, if you didn't make certain they were paid by the former owner before you paid for the property and took title.
Can you apply a lien against an apartment for work that was done?
Yes. You can if you have a contract with the owner of the property. You should seek legal advice.Yes. You can if you have a contract with the owner of the property. You should seek legal advice.Yes. You can if you have a contract with the owner of the property. You should seek legal advice.Yes. You can if you have a contract with the owner of the property. You should seek legal advice.
Can a repo man remove a vehicle from private property against the property owner's will?
NO It's almost always against the property owner's will, but if there is no confrontation (breach of peace), it will be removed. And you can spend 6-24 months in jail for tresspassing.
Is expense decreases owner's equity?
no if the owner expense money on his property it w'll increase the value not decrease (shaista)
Can a lien be filed against property once owned and now sold to another party?
Once the owner has sold the property it's too late for you to file any lien against that property.
Can you file a lien against bank owned property?
A lien against bank owned property would not be effective unless the lien was against the bank. If you have a lien against the former owner your opportunity to try to enforce it has passed.
Can you put a lien on your jointly owned home if the other owner owes you money for not paying her share of mortgage payments so when the property sells you get the money im owed 1st then the rest spl?
You personally cannot place a lien on the property. However, you could sue your joint owner in court for any money you have spent covering their costs and expenses. You would need an agreement in writing and proof of your payments for evidence. If you win, the judge will issue a judgment lien and you could record it in the land records against your joint owner's interest in the property.
