Sell the house, split the equity. To get your name off of the loan and house you'll need to have an appraisal and refinance, sell it so you can enjoy the 12 years of built up equity. Contact a local realtor for specifics. Good Luck.
A mortgage IS a lien on the property. The bank already has an interest in the property that was perfected as soon as the mortgage was recorded in the land records. If you purchase property that is subject to a mortgage, the mortgage must be paid or the bank will take possession of the property by foreclosure.
Some of the companies that have bought and sold rights to a mortgage include Thornburg Mortgage, Luminent Mortgage Capital and The Blackstone Group. American Equity Funding has also bought and sold many mortgage rights.
Ameriquest Mortgage has been bought out by Citigroup. The requirements for a mortgage through Citigroup are household income, duration of mortgage, and credit score.
yes he can but you both have to decide together who gets what stuff
Do you want the mobile home? If yes then you must pay. If not, then let the bank come and repossess it.
the average mortgage payment is around $1400.00 a month. believe it or not when i bought my house in 1972 my mortgage was $143.75 a month
No
It means that the person from whom you bought the property is personally supplying the mortgage financing themselves. (i.e.: they are supplying the financing and not some mortgage company or bank.)
Not necisarily. If you are married and the house was bought after the marriage then no. If you are married and the house was bought before the marriage and the person that did not originaly buy the house made one payment on it or you had a joint account that the payments came out of, then they are half owner. If you are just living together with no marriage, then the house it the person's that bought it, but you have to be carful of common law marriage.
Yes.
My wife and l bought a condo and it is in both our names but the loan is only in my name We just bought a house but the mortgage loan is only on my name. The title and deed is is both our names.
A buy-to-let mortgage is also known as a landlord mortgage in the United Kingdom. These are only made available for residential properties that will be bought by one person and then that property is rented out to another person. Most UK banks will provide buy-to-let mortgage quotes.