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When buying a house with your boyfriend can your name be on the deed but not on mortgage?

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βˆ™ 2006-08-03 12:35:26

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That's totally at the discretion of the lender. Very few lenders will allow non married couples to buy real property without them both being a part of the lending agreement. The reason is the lender wants to be secure in their financial interest in the property and not risk a hassle in court if there is a default in the lending agreement.

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βˆ™ 2006-08-03 12:35:26
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You and your boyfriend are buying a house and he wants only his name on the loan and deed. You're both to pay the mortgage. When you sell the property how will you get half of the equity?

The ONLY reason a person would request that you not be on the deed and mortgage would be to INSURE that you would have no legal right to the property. If he expects you to help pay the mortgage you would be paying for property you do not own. You and your boyfriend are not buying a house. Your boyfriend is buying a house and he wants you to help him pay for it. You would be entitled to nothing when the property is sold.


Can the mortgage company take your house without the deed?

By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.


What is a mortgage loan?

house documents are mortgage and title deed at register office


If my boyfriend is on the deed but not the mortgage what rights does he have to the house?

He owns an interest in the property but he is not responsible for paying for it. He got a great deal. If the property is sold he will be entitled to half the proceeds after the mortgage is paid off.


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 your mom buy a house for you if you filed bankruptcy?

Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.Yes. But the deed and mortgage would have to be in her name. It would not be your property.


If your name is not on the mortgage or deed are you responsible if the bank forecloses on your spouse's house?

If the bank is foreclosing on your spouse's house and you are not on the deed or mortgage then you are not responsible for the debt. The foreclosure should not affect your credit record.


Can i find out if there is a mortgage on an estate?

Check the deed at the court house. There will be a lien against the property if their is a mortgage.


Can a lien be placed on your house if your name is not on the deed or mortgage?

No. They can only place a lien on your bank account. If your name isn't on the deed or mortgage they can't touch it.


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.


Is a deed of trust a secruity instrument?

Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.


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.


Do you have ownership rights to the house if you are listed on the deed but not on the mortgage?

Yes, but if your name was added to a deed after the owner granted the mortgage your interest is subject to the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure and your interest will be wiped out.If the mortgage is paid and the house is sold you will receive half of the proceeds at the time of sale.


If a spouse is not on a mortgage loan do they have rights to the house?

If they are on the deed to the home, yes.


Can a spouse be added to a house deed when mortgage is in both names?

It depends on the laws of the the jurisdiction. In many cases the bank would have required this to get the mortgage. There may have been a quit claim deed filed with the mortgage.


Is a mortgage an examples of specialty contract or contract under seal?

a deed on a house


Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?

The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.


Can a family member live in your house if they are not on the mortgage or deed?

Of course they can. Anyone that you permit may live in your house.


Can you take out a home equity loan on a house if you are not on the first mortgage but are on the deed with your parents?

Yes but your parents being on the deed will have to also sign.


How do you get the deed to a house if the owner has died and the mortgage is paid?

The deed belongs to the estate and the estate can transfer the property in accordance with the will or the laws of intestacy.


If you are not on the mortgage can you be on the deed so in case of death of owner the house become yours?

tony


Is a quitclaim deed the same as a mortgage deed?

No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.No. A quitclaim deed transfers the property to a new owner permanently.A mortgage deed is a conditional deed that transfers title to the bank only until the mortgage is paid and then the bank must release its interest.


I own a condo with my boyfriend. I am moving out of the state and my boyfriend will remain in the condo. Can I file a quit claim deed to get my name off the mortgage?

No. The mortgage will need to be paid off and refinanced to free you from the obligation. Do not convey your interest to your boyfriend until he has been approved for a refinancing and make certain your deed is part of that same transaction. You will want indisputable proof the mortgage will be paid off and a new mortgage recorded in your boyfriend's name only. Only then should you sign a deed. The matter should be handled by an attorney who can look after your legal rights.A mortgage is an iron-clad contract you signed with the bank promising to pay a considerable sum of money it loaned to you. There is no way you can "take your name off the mortgage". If you sign a deed now you will be responsible for paying a mortgage on land you do not own.


Can a husband sell the house if the wife name is on the deed but not on the mortgage?

No. The wife must sign the deed.No. The wife must sign the deed.No. The wife must sign the deed.No. The wife must sign the deed.


What happens when you pay off your house?

You own it and no longer need to pay a mortgage. You get the deed to the house and are free to do whatever you want to.