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Your wife and her father have a home with both their names on the deed. The mortgage loan is in his name alone. Can he refinance the home without her signature?
Wiki User
∙ 9y ago
No.
If the loan is in the father's name only, he probably owned the property (hence the mortgage) prior to changing the deed to include your wife. Once he added your wife as co-owner of the property he lost his rights to individually make decisions concerning the property. He cannot refinance or in any other way reconvey the property or any interest in the property without the signature of your wife.
She will have to sign the mortgage since she is on the title. He can execute the note by himself, and be solely responsible for paying the loan, but the lender will need her written consent on the mortgage so that in the case of a default, the lender can take possession of the property via foreclosure.
Wiki User
∙ 9y ago
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What will happen if father did refinance without wife signature and they both have a home deed in both their name?
It would depend on legislation in the jurisdiction involved. It may not be binding in some places.
Can a mother with full custody get a passport without father's signature?
neither parent can.
Am I responsible for my father's mortgage if he is no longer on the deed?
If you father granted a mortgage prior to transferring the property to you then the mortgage must be paid. If you don't pay it then lender will take possession of the property.
Can a father and daughter have a mortgage together?
Yes, they can.
How does the daughter get her deceased father's house that still have a mortgage?
There are two issues at play here, the ownership of the home and the mortgage against the home. The ownership would be transferred according to the will, trust, or other legal documents of the father, or in the absence of any legal documents the applicable laws. This portion is usually the easier part. The 2nd issue is the mortgage. With the father deceased the lender will want to be paid off. Their recourse is against the home. as a result the daughter could refinance and pay that lender off, thus keeping the home, or could sell the home to get any equity remaining. If those options are not available the best remaining option is to work with the current lender to buy time until a refinance is available, possibly making payments during this time frame, however the lender has the ultimate decision on starting foreclosure proceedings or on holding off.
How do you protect yourself from incurring inherited mortgage debt from your father?
Generally, if your father owns real property and grants a mortgage while he is living there is no way you can "protect yourself from the mortgage debt" if he should die and you are his beneficiary. You could ask your father to purchase private mortgage insurance that would pay off the mortgage in the case of his death. However, if he does not then you have to decide if you want the property or not in the case of his death. If you don't pay the mortgage the lender will take possession by foreclosure. If you want to keep the property you'll need to pay the mortgage.
Can a son purchase house from his father?
Yes, a son can purchase a house from his father as long as his father is the owner and there is no outstanding mortgage.
How do you spell parent's signature in spanish?
Translation: Firma de los padres = parents' signature (plural) Firma del padre = father's signature Firma de la madre = mother's signature
Who signs an infant passport?
In the space provided for the signature, the mother or father must print the child's name and sign their own name. Then, in parenthesis by the parent's signature, write the word (mother) or (father).
Your name is on the deed of trust however your father was the mortgage holder Can you report the gain for tax purposes or does that fall on the mortgage owner only?
You must do this through an accountant as they will indicate the amount and percentage being claimed by your Father and You. You do not need to be on the mortgage, but intentions must be clear and that is where the accountant comes in.
You are not married with your child's father can you take her out ofthe country?
His signature is required.
What should be done regarding a home mortgage that is jointly held by a father and son when the father dies?
There are several issues that you'll need to address: Was there mortgage insurance? If so, contact them to see what the process is to have the insurance pay off the mortgage. How was the title worded? Did the father have a will? Does the son have resources to continue the mortgage payments? You may need to contact a lawyer to find out what to do next, especially since so many of those issues are determined by the laws of the state.
