Your name cannot be taken off a mortgage because the mortgage is owned by the lender. You remain responsible for the mortgage until it is paid off or refinanced without you.
If the mortgage is in your name it would not be affected by the death of your spouse. Mortgage life insurance is coverage that is taken out so that your house would be paid for in the event of your death.
If I am separted from my husband and not divorced yet can he get a Mortage (Security Instrument) on land that he purchased before we were married but now has my name on the deed without my signature? Or if he has asked me to sign as the mortagor because my name is on the deed of the land, am I acutaly obligated to that debt?
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.
How can you find out if life insurance has been taken out in your name with or without your knowledge.?
The bank will require the other owner's signature on the loan.
An antonym for "signature" is "anonymous," meaning without a signature or name.
Yes, you can sell a house without spousal consent it their name isn't on the mortgage. If their name is on the mortgage, you will need their consent.
If the mortgage is in your name it would not be affected by the death of your spouse. Mortgage life insurance is coverage that is taken out so that your house would be paid for in the event of your death.
If I am separted from my husband and not divorced yet can he get a Mortage (Security Instrument) on land that he purchased before we were married but now has my name on the deed without my signature? Or if he has asked me to sign as the mortagor because my name is on the deed of the land, am I acutaly obligated to that debt?
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.
If there is still a mortgage on the home then the deeds will be with the mortgage provider and they will not allow you to change the deeds without paying off the mortgage first.
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
No. This is forging a signature and is illegal.
No, but fraud isn't an impossibility.
Your idea won't work if your children ever grant a mortgage on the property. If you convey your property to your children and they grant a mortgage at some future time, the lender would insist on a clear title in case of a default and foreclosure. If you had arranged to have a recorded lien on the property the lender would require that it be released before they would approve a mortgage. The only way for you to insure the property won't be taken by foreclosure is to not allow your children to mortgage it. That could be accomplished by your reserving a life estate. They couldn't mortgage the property without your signature.
The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.The only way to get someone's name off a mortgage is to pay it off and refinance if necessary.