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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.
How to determine mortgage encumberances for a property?
Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property? Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property?
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
What does it mean to be on the deed but not the mortgage, and how does this impact ownership and financial responsibility for a property?
Being on the deed but not the mortgage means you have ownership rights to the property but are not responsible for the mortgage payments. This arrangement can impact ownership by giving you legal rights to the property, but you are not financially responsible for the loan. However, if the mortgage is not paid, the lender can still foreclose on the property, affecting your ownership interest.
What are the mortgage insurance requirements in Nebraska?
There are no "requirements" as in you are required to get it unless you mean Private Mortgage Insurance. 2 different things. I'll assume that you mean mortgage insurance since that is how your question is phrased. The requirement for mortgage insurance is set by the lender at the time you originate your loan. If it is required to get approval for your financing, then it is not optional. In the state of Nebraska you can ask that the MI be cancelled once you have paid your mortgage down to 80% based on the original value of the property or when you can show that the property has appreciated enough to show a current loan to value of 78% through appreciation.
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.
How to determine mortgage encumberances for a property?
Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property? Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property?
What does it mean that the mortgage company released the lien on your property?
It means that the lender recorded a notice in the land records that the mortgage has been paid. That notice releases the property from the mortgage lien.
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
If a seller indicates that the first mortgage is delivered free and clear what does this mean?
A free and clear property means that the mortgage was completely satisfied and there is no more lien on the property as far as the mortgage goes.
What does mortgage mean in a sentence?
A mortgage is a loan secured by real property. Sentence: My sister was able to qualify for a mortgage and purchase her first home.
What does it mean to be on the deed but not the mortgage, and how does this impact ownership and financial responsibility for a property?
Being on the deed but not the mortgage means you have ownership rights to the property but are not responsible for the mortgage payments. This arrangement can impact ownership by giving you legal rights to the property, but you are not financially responsible for the loan. However, if the mortgage is not paid, the lender can still foreclose on the property, affecting your ownership interest.
Subject property what does it mean?
The "subject property" is the property referred to in a deed, mortgage, contract, title report, title certification, restriction, lease, etc.
Can you get a normal mortgage for investment in a UK property or is another mortgage type product available?
If by a normal mortgage you mean a residential mortgage then generally speaking, no - not for investment purposes. However it really depends on what you intend to do with the property, buy the property to rent out (buy to let), buy to renovate and sell (aka 'flip') or any number of other strategies.
How can you get rid of a second mortgage?
Pay it off. You aren't getting rid of it (or the first mortgage) and keep the property that is pledged as security if that's what you mean.
In simple terms what does it mean to receive a deed in lieu of foreclosure?
A deed in lieu of foreclosure refers to the process of handing over a property deed to the mortgage financier and no longer having to pay the mortgage. The property now belongs to the company who financed the mortgage.
What does street trust mean if the property is under foreclosure?
==One Answer== Perhaps those words have been taken out of context. The property may be owned by a trust named after the street on which the property is located such as "25-35 Maple Street Trust".
