If you owe money can they try to take your house if the mortgage is only in your husband's name but the deed is in your name?

By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.

You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.

house documents are mortgage and title deed at register office

Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.

Ownership of real property is determined by the names on the deed.

Yes. But the deed and mortgage would have to be in her name. It would not be your property. Yes. But the deed and mortgage would have to be in her name. It would not be your property. Yes. But the deed and mortgage would have to be in her name. It would not be your property. Yes. But the deed and mortgage would have to be in her name. It would not be your property.

If the bank is foreclosing on your spouse's house and you are not on the deed or mortgage then you are not responsible for the debt. The foreclosure should not affect your credit record.

Check the deed at the court house. There will be a lien against the property if their is a mortgage.

No. They can only place a lien on your bank account. If your name isn't on the deed or mortgage they can't touch it.

If a husband and wife buy a house together and the wife's name is not put on the deed until the second mortgage, yes, the deed is still shared after the second mortgage is paid off.

Yes. A deed of trust is similar to a mortgage. Yes. A deed of trust is similar to a mortgage. Yes. A deed of trust is similar to a mortgage. Yes. A deed of trust is similar to a mortgage.

That depends on whose name was on the deed when the mortgage was executed.

Yes, but if your name was added to a deed after the owner granted the mortgage your interest is subject to the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure and your interest will be wiped out. If the mortgage is paid and the house is sold you will receive half of the proceeds at the time of sale.

If they are on the deed to the home, yes.

It is not a problem, but the mortgage will still have to be paid by the surviving co-owner even if that co-owner did not borrow or get any of the money from the mortgage, because it is a lien on the house.

If the house is paid for he can present it as a gift and change the deed over(this will have a fee and you may need a lawyer or something). If the house is mortgaged, call the mortgage company, they will know.

Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own. Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own. Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own. Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.

It depends on the laws of the the jurisdiction. In many cases the bank would have required this to get the mortgage. There may have been a quit claim deed filed with the mortgage.

Any one with an interest in the property, the seller, signs the deed unless it is a unit deed in a condominium. In that case, the seller and buyer sign the deed. The buyer signs the purchase money mortgage.

The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.

The answer depends on the circumstances. The bank won't give a mortgage to someone who doesn't own the property. Therefore you can borrow money on a house if you're not on the deed. On the other hand. A person who is not on the deed should not sign the mortgage as a co-borrower with the owner. They have no interest in the property and shouldn't promise to pay for it. A co-borrower has the full responsibility to pay the mortgage if the owner defaults on the payments.

Of course they can. Anyone that you permit may live in your house.

Yes, the deed is the certificate of ownership. The mortgage is the financial loan instrument. You can't take your name off the mortgage because the bank loaned the money based on your credit.

Yes but your parents being on the deed will have to also sign.

The deed belongs to the estate and the estate can transfer the property in accordance with the will or the laws of intestacy.