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My husband purchased a home then added my name to the deed. Now we are in the process of foreclosing. What happens to my undivided half interest?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIf 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.
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Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.Nothing happens. They still own any interest they have in the property until they transfer their interest to a new owner by executing a deed. See related question link.
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