The name on the deed is the owner of the property. The name on the mortgage is the person who must pay the debt underlying the mortgage. Prior to the recent lowering of mortgage standards across the country (leading to the sub-prime crisis), the lender would always confirm that ALL the owners on the deed also executed the mortgage. If the mortgage is subsequently foreclosed that enables the lender to take title to the property. If only one co-owner signed the mortgage the lender would only get that proportionate interest in a foreclosure. If you don't own the property and you sign the mortgage you are placing yourself in a position of debt for property you don't own. Many lenders are asking non-fee-owners to co-sign notes. That way if the owner goes into default the lender can go after the co-signer for payment. It is a very bad practice with no benefit to the non-owning co-signer.
The difference between public and private real estate is that there are more perceived risks with public real estate versus private real estate. There are a few factors that fall into how one is perceived as more of a risk than the other.
I believe there is no difference. Anyone who has not paid their mortgage payment on time is "late" or delinquent.
What is the difference between the first and second phases of the prewriting process? O A. Outlining versus writing B. Brainstorming versus editing O C. Organizing versus writing D. Generating versus organizing
The main difference between Wrangler Sport versus X is that the Wrangler Sport has full doors. The X has half doors.
The difference between jewelry and jewellery is correct versus incorrect spelling. "Jewelry" is the correct spelling.
em estaçao
Describe the difference between a single trade discount versus and discount series and give an example
The pros of refinancing a mortgage versus choosing a home equity loan is that one does not need to pay that much interest. The cons is that it is not that easy to refinance a mortgage.
They are both objectional.
I donot. Knew it
The difference is 53 seconds.
i dotn no