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What happens if the mortgage and deed are in two names and one claims banckrupcy

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10y ago

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What happens to you when ex wife files bankruptcy on 2nd mortgage both your names are on?

Her mortgage liability will be discharged.


What happens to a house with four names on the deed with the right of survivorship but the only person with the mortgage dies?

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.


What happens if when cosigned mortgage loan goes into foreclosure?

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.


What is a reverse mortgage lead?

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.


Can you get a second mortgage if the house is in yours and your wife's names?

Jointly


Can a lien be put on your spouses home if your names not on the mortgage?

Yes.


Can you change the names on a mortgage loan?

Not without refinancing the existing loan and changing the names on the title to the property..


If both names are on the mortgage and deed and you breakup who is responsible?

Both owners.


What are the names of some residential mortgage companies?

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.


Unmarried couple both names on deeds only one pays the mortgage?

Unmarrie couple both name on deeds the mortgage is on his name


Which businesses provide software for mortgage loan solutions?

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.


Can a spouse be added to a house deed when mortgage is in both names?

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.