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A joint mortgage is a home loan taken out by two or more people, typically partners or family members. All parties are equally responsible for repaying the loan, and the property serves as collateral. This arrangement allows multiple individuals to share the financial responsibility and benefits of owning a home together.
What else can I help you with?
What happens when you sever a joint mortgage?
You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Your husband passed away you have joint mortgage do you still have to pay mortgage?
yes
If you have a joint mortgage with an ex partner and you are refused a chage of parties for your joint mortgage are there any other options to getting them off the mortgage?
contact a real estate attorney in your state to assist you
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
no
What happens when you sever a joint mortgage?
You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
What happens to the joint mortgage holder of a take over mortgage if the original mortgage holder pays the loan?
The joint person is still responsible until the loan is paid off or refinanced out of the person's joint name.
Do you have to be married to have a joint mortgage in Florida?
No.
Your husband passed away you have joint mortgage do you still have to pay mortgage?
yes
If you have a joint mortgage with an ex partner and you are refused a chage of parties for your joint mortgage are there any other options to getting them off the mortgage?
contact a real estate attorney in your state to assist you
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
no
Can you explain how two or more individuals can share a mortgage for a property?
Two or more individuals can share a mortgage for a property by applying for a joint mortgage. This means that all parties are equally responsible for making mortgage payments and are co-owners of the property. Each person's income and credit history are considered during the application process, and all parties must agree on the terms of the mortgage.
The co-owner on my deed and mortgage doesn't pay the mortgage or other bills and they come and go as they please saying there's nothing I can do. What are my options?
You cannot remove a joint tenant from the deed. They would have to execute a deed voluntarily, transferring their interest in the property to you. You cannot make any changes to the mortgage that you signed. A co-borrower on any mortgage always takes the risk that the other borrower won't pay. Unfortunately, that means you will be responsible for paying the mortgage or the lender will take possession of the property by foreclosure.You should consult with an attorney who can review your situation and explain your rights and options. You may need to sue the joint owner.You cannot remove a joint tenant from the deed. They would have to execute a deed voluntarily, transferring their interest in the property to you. You cannot make any changes to the mortgage that you signed. A co-borrower on any mortgage always takes the risk that the other borrower won't pay. Unfortunately, that means you will be responsible for paying the mortgage or the lender will take possession of the property by foreclosure.You should consult with an attorney who can review your situation and explain your rights and options. You may need to sue the joint owner.You cannot remove a joint tenant from the deed. They would have to execute a deed voluntarily, transferring their interest in the property to you. You cannot make any changes to the mortgage that you signed. A co-borrower on any mortgage always takes the risk that the other borrower won't pay. Unfortunately, that means you will be responsible for paying the mortgage or the lender will take possession of the property by foreclosure.You should consult with an attorney who can review your situation and explain your rights and options. You may need to sue the joint owner.You cannot remove a joint tenant from the deed. They would have to execute a deed voluntarily, transferring their interest in the property to you. You cannot make any changes to the mortgage that you signed. A co-borrower on any mortgage always takes the risk that the other borrower won't pay. Unfortunately, that means you will be responsible for paying the mortgage or the lender will take possession of the property by foreclosure.You should consult with an attorney who can review your situation and explain your rights and options. You may need to sue the joint owner.
Does Salem mortgage work with FHA loans?
Salem Mortgage is happy to discuss your options with you and explain how they work with FHA loans. They offer a competitive rates on home loans and will devise a payment plan that works for you and your family.
Can you explain how an offset account works?
An offset account is a type of savings or checking account linked to a mortgage. The balance in the offset account is subtracted from the outstanding balance of the mortgage when calculating interest, reducing the amount of interest paid and helping to pay off the mortgage faster.
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.
