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What happens to your mortgage when the person holding it died but the deed is in both of your names and you pay the taxes?
Wiki User
∙ 11y ago
The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
The mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe mortgage will be included in the decedent's estate and the heirs will own the debt once the estate has been probated. You must pay them.
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What happens if the mortgage and deed are in two names and one claims banckrupcy?
What happens if the mortgage and deed are in two names and one claims banckrupcy
What happens to you when ex wife files bankruptcy on 2nd mortgage both your names are on?
Her mortgage liability will be discharged.
What relief can the mortgagee receive if 2 names on the deed but only one signed the mortgage and the person not on the mortgage moved out and left the expense to the one whose name is on the mortgage?
Regardless of whose name is on the mortgage the property legally belongs to the person or persons named on the deed. The mortgage is only a financial obligation, the deed is a legal ownership document. Of course, if the mortgage is not paid the mortgagor can file a foreclosure action against the property.
Who has to leave the house when a legal separation is taking place and who is responsible for paying the mortgage?
You can be separated and still live in the same house. No one has to move.The mortgage payment is made by the person whos name is on the mortgage. If it is in both names you are both responsible.
Can the Mortgage be in your name and deed be in both your names - not married?
A lender would require that all the owners of the property execute the mortgage. If only one person signs the mortgage and it is later foreclosed, the lender would only get that person't interest. Lender would want ALL the interest conveyed in the mortgage deed.
If you are married must a mortgage use both partners' credit or can it be in only one person's name?
My wife and l bought a condo and it is in both our names but the loan is only in my name We just bought a house but the mortgage loan is only on my name. The title and deed is is both our names.
Where can a person find Canadian mortgage comparisons online?
Canadian mortgage comparisons are collected and listed online by numerous banks and independent websites specializing in mortgage calculation. Popular names to look for include Scotiabank, RBC Royal Bank, Yahoo Finance, and lots more.
If a spouse files bankruptcy can the other be held liable for the mortgage payment if its in both names?
You don't file bankruptcy "on" anything. You file for bankruptcy for all debts, including a mortgage or mortgages. If the other party has been paying the mortgage and has possession of the premises, there may not be a problem for that person. If there is a divorce order requiring the absent party to pay or pay part of the mortgage, there may be a contempt action for violating that court order.
What happens if when cosigned mortgage loan goes into foreclosure?
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
What is a reverse mortgage lead?
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
Can a lien be put on your spouses home if your names not on the mortgage?
Yes.
Can you get a second mortgage if the house is in yours and your wife's names?
Jointly
