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Not necessarily as you could have used the deed as security against a loan and the person lending you the money can take the house from you if you fail to meet the loan repayments. (They will usually hold the deed for you while you owe the money). Also it is best to check with the land registry to see who the government thinks owns the house. As in may countries deeds are being replaced by official property register databases.
What else can I help you with?
What does it mean if your name is on the deed but not the mortgage?
If your name is on the deed but not the mortgage, it means you own the property but are not responsible for the mortgage payments.
What does HE mean after a persons name on a deed?
Home endowment, meaning you own it now.
In new york state if your name is on the deed and not the mortgage can you apply for a home equity line of credit?
Yes, you own the house
When you refinance a house as a co-borrower can you take your name out of the loan?
Only if the borrower qualifies on his own and the bank allows it. You will also have to be removed from the deed.
Can you quit claim a deed after bankruptcy is discharged?
Yes, because after bk discharge you still own the house . The only way to get out from under the house is to get your name off the deed. Ether by forcloser, short sale, or normal sale. If you can find someone to quit claim deed to that will work also. Because after bk discharge you are not responsible for the mortgage, so if you can get off of the deed you are free.
What does it mean if your name is on the deed but not the mortgage?
If your name is on the deed but not the mortgage, it means you own the property but are not responsible for the mortgage payments.
If you buy a house why would the sellers name still be on the title?
It would mean you didn't actually buy the house. The purchase of a house usually goes with the land beneath it (other than a condo), and this would be described in the deed (the title) that you received at "closing" when you paid for the house. Therefore, if you have the deed naming you as the grantor, then the seller's name is no longer on the title. If you didn't get a deed, then you don't own the house.
What does HE mean after a persons name on a deed?
Home endowment, meaning you own it now.
If both spouses own the house but only 1 spouses name is on the deed to the property how is it divided in Virginia?
it's your house. it's your house.
What if your name is on the deed but no will?
If your name is on the deed then you own the property as long as the deed is valid and properly recorded in the land records.
In new york state if your name is on the deed and not the mortgage can you apply for a home equity line of credit?
Yes, you own the house
If two peoples name are on the deed of a house and sell it do they have to split the money?
Yes. If there are two owners listed on the deed the law assumes they each own a one-half interest unless it is otherwise stated clearly on the deed.
In Ohio if your spouse dies and you both own the house what does the survivng spouse have to do to keep the house?
Usually the mortage is set up as a survivors deed. This means that if one person dies, the spouce receives the deed in their own name. If this is not the case and the house wasn't willed to the other spouse, then it will have to be taken up in Probate Court.
Your husband owned the property prior to marriage but added your name to the deed. How much do you own?
If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.If you are on the deed to the property you own a one half interest.
If you own the property free and clear Can you quitclaim deed your house to show both spouses own it before filing chapter 7 Or do you have to leave it in only the original spouses name?
The "quitclaim" does not establish ownership or automatically create new ownership of the house. The only way to add another name to the ownership deed is to refinance the home mortgage.
When you refinance a house as a co-borrower can you take your name out of the loan?
Only if the borrower qualifies on his own and the bank allows it. You will also have to be removed from the deed.
Can you quit claim a deed after bankruptcy is discharged?
Yes, because after bk discharge you still own the house . The only way to get out from under the house is to get your name off the deed. Ether by forcloser, short sale, or normal sale. If you can find someone to quit claim deed to that will work also. Because after bk discharge you are not responsible for the mortgage, so if you can get off of the deed you are free.
