What happens if the mortgage and deed are in two names and one claims banckrupcy
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
Not without refinancing the existing loan and changing the names on the title to the property..
Unmarrie couple both name on deeds the mortgage is on his name
Accounting and mortgage buisnesses provide tons of software for mortgage loan solutions. Here are a couple of names of places that will do just that PCLender and Nortridge.
Her mortgage liability will be discharged.
When a house has four names on the deed with the right of survivorship, the ownership automatically transfers to the surviving owners upon the death of one owner, regardless of the mortgage situation. The mortgage remains attached to the property, and the surviving owners are still responsible for it. The lender may require the surviving owners to refinance the mortgage or take other actions, but the property itself is not affected by the deceased owner's mortgage obligation.
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.
Jointly
Yes.
Not without refinancing the existing loan and changing the names on the title to the property..
Both owners.
There are plenty of residential mortgage companies throughout the world. To list a few, Quicken Loans, Third Federal Home Loans, Residential Mortgage LLC, Chase Mortgage and the list goes on.
Unmarrie couple both name on deeds the mortgage is on his name
Accounting and mortgage buisnesses provide tons of software for mortgage loan solutions. Here are a couple of names of places that will do just that PCLender and Nortridge.
It depends on the laws of the the jurisdiction. In many cases the bank would have required this to get the mortgage. There may have been a quit claim deed filed with the mortgage.