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All three owners are equally responsible for paying the mortgage and the foreclosure will affect all owners equally. You can avoid foreclosure by paying the mortgage.

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Q: What to do if your name is the thrid name on a time share deed that was foreclosed on?
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Related questions

Will your spouse's credit score be affected if your individually owned property is foreclosed spouse's name is not on the deed?

Your spouse's credit score should not be affected if he/she is not on the deed or on the mortgage that was foreclosed.


Can a house be foreclosed on if one name is on the mortgage and someone else s name is on the deed to the land or parcel?

That depends on whose name was on the deed when the mortgage was executed.


Can the husband rent the house if he has the mortgage in just his name if they both share the deed of trust?

Yes, the husband can rent the house if he has the Mortgage in his name but the Deed of Trust is shared.


Can my house be repossessed if my husband is madebankrupt but is not on the deeds?

Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.


me and my sister have been awarded 140 rural acres of my grandpas estate, attorney got a third share of it also. can I borrow on my share of land. When the attorney has the deed but deed hasent been transfered yet in me and my sisters name?

No you can't morgage something that is not legaly yours yet, not in your name.


How do you find the bank that has your foreclosed home?

If the foreclosure hasn't been recorded then look for the name of the lender on the notices that were sent to you. If the foreclosure has taken place, you can also visit the land records office in your jurisdiction, look for your name in the grantor index and look for the recently recorded foreclosure deed. The staff will assist you. The name of the foreclosing lender will appear as a party to the foreclosure deed.


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.


Can you get half the equity in your house if your name is not on the deed?

No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.


Husband-and-wife buy a house together the wife's name is not put on the deed until the second mortgage but the second mortgage is now paid off do we still share the deed of trust?

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.


Consenting deed for the sale deed?

How do you add a name to a deed


What if your name is on the deed but no will?

If your name is on the deed then you own the property as long as the deed is valid and properly recorded in the land records.


Name of the thrid Pirates of the Caribbean?

pirate of the Caribbean at worlds end