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The deed holder is responsible for paying the HOA fees.

The deed holder is responsible for paying the HOA fees.

The deed holder is responsible for paying the HOA fees.

The deed holder is responsible for paying the HOA fees.

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The deed holder is responsible for paying the HOA fees.

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Q: Who pays homeowner assoc. fees the mortgage holder or the deed holder?
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Are you a homeowner if you pay mortgage?

You are, but your mortgage company is on the deed and is also considered an owner of your home.


If the holder of second trust deed forecloses first does it have to pay off the full amount owed to the first trust deed?

If the holder of the second mortgage, or deed of trust, forecloses, that lender takes the property subject to the first mortgage or deed of trust.


Do you inform mortgage holder of death of spouse?

Yes, and you record a copy of the death certificate where the deed is recorded, cross-referenced to the deed book and page.


What is the difference between a mortgage and a mortgage deed?

The main difference between a mortgage and a Deed of Trust is the procedure that is followed if the borrower breaches his or her agreement to pay off the loan. With a mortgage, if a borrower "defaults" -- such as by failing to make monthly payments or meet other conditions of the loan, such as carrying homeowner's insurance and maintaining the house in good repair -- the lender must bring a court action in order to foreclose on the property. With a Deed of Trust, if the homeowner does not pay the loan, the foreclosure process is usually much faster and less complicated than the formal court foreclosure process.


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.

Related questions

Are you a homeowner if you pay mortgage?

You are, but your mortgage company is on the deed and is also considered an owner of your home.


How are homeowner claims paid to person who had deed but not policy?

Homeowner insurance claims are paid to the policy holder, in a condo and the damages are being reimbursed by the association the deed and title holder gets the refund


Is the deed holder responsible for Homeowner Association fees if they are asked to leave by the homeowner?

Typically, the deed holder is responsible for paying Homeowner Association (HOA) fees, regardless of whether they are asked to leave by the homeowner or not. The responsibility for HOA fees is tied to the ownership of the property, not the occupancy status. So, even if the homeowner asks the deed holder to leave, they will still typically be responsible for paying any outstanding or future HOA fees until the deed is transferred to another owner. It is important to review the specific HOA rules and regulations and consult with legal professionals for accurate and personalized advice.


If the holder of second trust deed forecloses first does it have to pay off the full amount owed to the first trust deed?

If the holder of the second mortgage, or deed of trust, forecloses, that lender takes the property subject to the first mortgage or deed of trust.


Does mortgage holder or deed holder sign at closing?

If the property is subject to a mortgage the mortgage must be paid off at the time of the sale of the property to a new owner. The holder of the mortgage must provide a signed release of the mortgage that can be recorded in the land records.The owner of the property signs the deed that transfers the property to the new owner.The new owner of the property signs the new mortgage.


Do you inform mortgage holder of death of spouse?

Yes, and you record a copy of the death certificate where the deed is recorded, cross-referenced to the deed book and page.


If your spouse is on the deed but not the mortgage do the proceeds at closing go to the mortgage holder or both parties on the deed?

The "parties on the deed" are the owners of the property. The proceeds go to the owners. The proceeds wil be split 50-50 if there is a conflict about the distribution and as long as there is no language in the deed creating a different scheme of ownership.


What is the difference between a mortgage and a mortgage deed?

The main difference between a mortgage and a Deed of Trust is the procedure that is followed if the borrower breaches his or her agreement to pay off the loan. With a mortgage, if a borrower "defaults" -- such as by failing to make monthly payments or meet other conditions of the loan, such as carrying homeowner's insurance and maintaining the house in good repair -- the lender must bring a court action in order to foreclose on the property. With a Deed of Trust, if the homeowner does not pay the loan, the foreclosure process is usually much faster and less complicated than the formal court foreclosure process.


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.


Does the deed holder have financial rights to the home?

who has power to sell a home, deed holder or a trustee?


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.


You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?

You own the land subject to the mortgage.