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What are your rights with joint mortgage and you have split up and am am now paying all mortgage?
Wiki User
∙ 12y ago
Each person who signed the mortgage is responsible for paying that debt. You should discuss your situation with an attorney, especially if the other person's name is also on the deed.
Wiki User
∙ 8y ago
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If 2 people are unmarried and deeds are in 1 name to avoid paying a huge amount of tax and they split where does the person who is not on the deeds stand with regards to paying mortgage or ownership?
First, the person who is the grantee on the deed owns the property. Period. Second, the person who signed the mortgage is obligated to pay the bank. If you signed a mortgage but didn't own the property the bank can come after you to pay if the property owner defaults on the mortgage. It will ruin your credit. Your answer: If you do not own the property and yet you signed the mortgage then you own nothing and you will be held responsible for paying the mortgage.
What kind of parental rights will my husband have for our children once the divorce is final?
The rights your ex-husband will have once you divorce will all depend on what the judge rules. He could have joint custody or split custody.
If your girlfriend has lived with you for 2yrs the mortgage is only in your name does she have any rights to your flat if you split up?
It depends on where you live but after living together for that amount of time she will have claims to part of it in most places
How can a person be added to an existing mortgage?
go and make an appointment with your lender and ask them to add them on the mortgage. be careful if you default and dont pay (for whatever reason, redundancy, divorce, split etc) in the small print there will be the words 'joint and severaly liable'. this means that you are both liable for the full cost of the mortgage and they will chase both of you for the whole amount, and you are legally bound. its not 50/50. think carefully. my advice - dont do it
First aid case of joint fracture?
cast or split
What was a Slang for to leave in the 50's?
A popular slang term for leaving in the 1950s was "split," as in "Let's split this joint."
Your fiance and you just bought a house together you will not be married until 2009 How will you file the interest paid for 2008?
First and foremost, only the person who actually paid the mortgage interest (from his/her own funds) may deduct any of it. Then, it depends on how the house is deeded. If you own it in joint tenancy with rights of survivorship with your fiance, the person who paid it may deduct it. If you split the payments, you may split the deduction in the same proportion as you paid it. If you own the house as tenants in common, each of you may deduct as much as you actually paid, but only to the extent of your ownership interest in the property -- probably 50%. That is, even if you paid 100% of the mortgage payments, you may deduct no more than half of the interest.
Can a piece of land be split up before it is paid for?
Generally not. The mortgage company has a right to the whole thing and they would have little reason to allow the mortgage holders to split it up. There is going to be a lien recorded by the mortgage company on the property. However, if the value of the piece they would be left with is really much more than the mortgage debt, they may allow it, for a fee. Or alternatively, you could break it into two (or more) pieces and get a mortgage on each, using the proceeds to pay off the original at closing. It may also be possible to do a Quit Claim deed splitting the property. This doesn't eliminate or change the mortage holder's lien or rights, but may not be allowed in some states, or by the terms of the mortgage. I like the alternative listed above of splitting it and obtaining new mortgages to pay off the old one.
What is the meaning of split cable top joint?
tang ina di ko alam
What was the movement that split civil rights movement?
carlito movement
What split development in the civil rights movement?
JFK got shot
If you are separated but not divorced who pays mortgage?
Who evers name is on the mortgage. The bank doesnt care if you are separated or getting a divorce. The note was taken with the promise to pay by the person/s that signed the paper. By law if your name is not on the note then you don't have to pay but I would still pay half if I was you,then this way there are no problems in the future when the division of assests comes into play. If you or soon to be ex stop paying that is less then what you may get out of sale of home or split.
