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Will a bank give a mortgage to 4 siblings if 1 is unemployed 1 has liens 1 has 2 mortgages and 1 is getting a divorce?
It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.
It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.
It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.
It depends on any prior liens in the property, the incomes of the parties, their credit ratings and whether they can afford to pay the mortgage. The lender may want the liens paid off first. You won't know until you speak with some lenders.
What else can I help you with?
Can an unemployed person file for divorce?
why not. If you are unemployed you can file for a divorce but hence money might be your problem but it don't stop you from moving on in life.
Should you let the mortgage company know your husband quit claimed the house to you?
He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.
Mortgage rights in divorce?
Your question is _________?
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.
If you divorce your husband my name still on mortgage can I be liable for the foreclosure?
Yes. The best thing would be to either get the house in the divorce, or get everything, including the mortgage, signed over to your soon to be ex.
Is it grounds for divorce in Illinois if your spouse is unemployed and has not made any effort to find a job?
"For richer or poorer" Anything can be grounds for a divorce, including laziness.
Does ex have to sign off a mortgage if we are divorced?
Not necessarily. It would depend on the courts issued judgment. At times, when the mortgage is in both names, it stays in both names until the house is sold. Usually, this takes place when the children reach the age of emancipation (unless they are still in school as full-time students). Still, it depends on the judgement.A Different PerspectiveAny matters regarding real property, mortgages and deeds should be addressed at the time of the divorce. Banks are not bound by divorce agreements. Any changes in the mortgage must be approved and executed by the bank and must be in writing. Generally, the mortgage remains in both names until it is paid off.
Who pays the mortgage after a divorce?
the one that stays behind.Not the one that moves out
Do I owe my husband mortgage money if we divorce?
That will be decided by the judge or your attorneys.
Do chapter 7 bankruptcy relieves you of a mortgage in a divorce but the spouse stills lives in the home?
Filing for Chapter 7 bankruptcy will discharge your personal obligation to pay the mortgage, but it does not remove the lien on the property. Therefore, the mortgage lender can still foreclose on the home if the mortgage payments are not made. In a divorce, the issue of who is responsible for the mortgage payments would typically be addressed in the divorce settlement or court order.
How can I get a loan for a home since my name is on the mortgage of the ex husbands house and in the divorce he is responsible to pay for it?
Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.Divorce agreements are not binding on lenders. If your husband doesn't pay that mortgage the lender will come after you for payment. At the time of the divorce the mortgage should have been refinanced and paid off in return for your interest in the property. Your credit record will show that outstanding mortgage under your name until it is paid off. You should contact the attorney who represented you at the time of the divorce to see if the matter can be resolved now.
2 homes with mortgage on both divorce and one files bankruptcy?
Was the bankruptcy before or after the divorce? I don't think it matters however, the bank can always go after the cosigner on a mortgage if they didn't file bankruptcy as well.
