If the mortgage isn't paid the lender will take possession of the property by foreclosure. You should consult with an attorney who can review the title to the property and your situation and explain your legal options.
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.
you should get a devorce with him!!! i would.
If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject to the mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.
Each person who co-signs a mortgage is equally responsible for paying the mortgage. If your mother has died then her estate must be probated. The debts of the decedent must be paid before any property can be distributed to the heirs. You need to consult with an attorney who specializes in probate in your area who could review your situation and determine what the obligations are regarding the mortgage.
Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.
If you still own the home, and the divorce decree says nothing about the mortgage or the ownership of the house, you are probably now the only person obligated to pay the mortgage. But then, you were probably the only one paying on it since the divorce.
The wife is now a co-owner of the property. It cannot be sold or mortgaged again without her signature. Hopefully, the deed from the husband conveyed the property to him and his wife as tenants by the entirety or as joint tenants with the right of survivorship. In that case if the husband should die then she would automatically become the sole owner of the property. However, the property would be subject to the mortgage until it is paid off. You should review the mortgage document to see if the bank must be notified of any change in ownership.
In my opinion, evil pays off now, and good pays off later.
The definition of reverse mortgage is when the bank takes out a loan based on your property. This is used for extending your mortgage beyond what it is now.
No. She left because her husband accepted a job on the east coast. She is now working for a TV station in Philadelphia.
When your home is foreclosed on, the first or second can start the process. If you have a first mortgage and a second mortgage, your first mortgage is the first lien holder. Therefore if the second was first to foreclose they would have to pay the balance or negotiate the balance (agree to lower payoff). When a home is foreclosed on, all debts against the home are extinguished.Normally in a foreclosure the first mortgage will not negotiate with the second mortgage, in this instance the second mortgage would be out of the picture. VALUE (appraisal) plays a huge role in this process.
A deposit account that pays interest.