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When you find a house and it is a sheriff sale and a survivor-ship deed was on this house does that mean there is still a mortgage to pay off?
Wiki User
∙ 13y ago
A survivorship deed has nothing to do with whether there is a mortgage on a property sold by a sheriff's deed.
A sheriff's deed conveys only what interest the debtor owned in the property. The debtor may have no interest in the property. It may be subject to a mortgage or the debtor may have only owned a half-interest. There may be other liens. In fact, language recited in a sheriff's deed generally declares that the sheriff does not certify the debtor had any interest in the property only that IF the debtor did own any interest in the property it is conveyed by the deed. That means a buyer needs to do a comprehensive title examination performed by a professional to disclose the legal status of the property. You should contact an attorney who specializes in real estate to represent you if you are interested in purchasing the property.
Wiki User
∙ 13y ago
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Your house has bee sold at a sheriff sale the proceeds of the sale covered the first mortgage Are you still required to pay the second mortgage?
The second mortgagee can indeed go after you for payment.
Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
House was repossess can you still get a mortgage?
it is quite unlikely that you will be able to get a mortgage lender with that history.
Can you put a house with a mortgage in a trust?
Yes. There are almost no obstacles if you still own and live in the house after.
Do you still have to pay back your mortgage if your house for sale?
Of course. Until you pay off the mortgage loan, you have to pay payments on the home.
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.
Lisa's house was appraised at 115000. She still owes 42000 on her mortgage loan. How much equity does Lisa have in her house?
73000
Lisa and house was appraised at 115000. She still owes 42000 on her mortgage loan. How much equity does Lisa have in her house?
$73,000
Lisa's house was appraised at $115000. She still owes $42000 on her mortgage loan. How much equity does Lisa have in her house?
73000
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.
You got divorced and left the ex stay in the house with your name still on the mortgage she abandoned the house and quit paying the mortgage can you legally move back into the house?
if the mortgage is in your name then keep paying it off. if the mortgage is in both names of you and your ex then contact the finantial institution for advise so you dont have trouble later down the track with your ex claiming half when the house is paid off.
In a judicial sale of a house are you still responsible for any mortgage left on the property or is that foregone with the sale?
no
