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There is no single answer to that question. It's up to the parties and their lawyers to come to some agreement.
There is no single answer to that question. It's up to the parties and their lawyers to come to some agreement.
There is no single answer to that question. It's up to the parties and their lawyers to come to some agreement.
There is no single answer to that question. It's up to the parties and their lawyers to come to some agreement.
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Who pays the mortgage after a divorce?
the one that stays behind.Not the one that moves out
Who normally pays all the mortgage closing costs in a no cost refinancing situation?
When in a no cost refinancing situation the person who has the mortgage actually pays for them however they are built into the financing or mortgage itself.
Who pays for mortgage until estate is settled?
The executor of the will would be responsible
Who pays the loan on my mother's house after her death?
The estate pays the cost to maintain the estate. The house may have to be sold if the mortgage cannot be paid. If someone wants the house, they may wish to pay the mortgage.
How do you write a letter of intent to get your name off of a mortgage loan after a divorce?
You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.You cannot accomplish that by a letter. The mortgage should have been addressed as part of the separation agreement during your divorce along with the property division. The divorce decree signifies the marriage is over, that all matters between the parties have been resolved, and the parties have no further claims against each other. If there is still a mortgage in your name and you no longer own the property then your attorney failed to represent all of your interests in the divorce. If one party is to retain the real estate the mortgage must be refinanced in their name alone. That must be written into the separation agreement with a time limit during which to do so. Banks are not bound by any terms in your divorce agreement. As long as you signed that mortgage you are responsible for paying it.You can try contacting the bank that holds the mortgage to see if they will make any modifications but that is not likely. Visit the local branch and ask to speak with a mortgage loan officer. If that doesn't work then you need to call the attorney who represented you and ask her/him what you should do about this mortgage. If that's not possible the you need to consult with an attorney who can review your situation and determine what your options are.
Who pays the mortgage after a divorce?
the one that stays behind.Not the one that moves out
What happens to the land in a reverse mortgage contract?
In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.In a reverse mortgage arrangement the lender ends up with the property unless someone pays off the mortgage.
Who normally pays all the mortgage closing costs in a no cost refinancing situation?
When in a no cost refinancing situation the person who has the mortgage actually pays for them however they are built into the financing or mortgage itself.
Mortgage rights in divorce?
Your question is _________?
Who pays deceased unpaid mortgage?
If there is a will, the executor makes all mortgage payments from the estate of the deceased.
Who pays divorce costs?
Whoever the judge orders to.
Who gets the money to pay off first mortgage at closing?
The funds from the new mortgage are advanced to your solicitor who pays out the current first mortgage.
Who pays child support in a divorce?
the non-custodial parent
Who pays for mortgage until estate is settled?
The executor of the will would be responsible
If you divorce your husband my name still on mortgage can I be liable for the foreclosure?
Yes. The best thing would be to either get the house in the divorce, or get everything, including the mortgage, signed over to your soon to be ex.
Ex is on loan only but deed of trust in both name who pays the loan when divorce?
You MUST address this issue in the negotiations for the Separation Agreement. It MUST be decided at the time of the divorce. The ownership of the property and the responsibility for payment of the mortgage must be arranged as part of the divorce proceeding. Your brief question doesn't provide much detail. Your divorce attorney should be provided with all the details and the matter should be addressed by the parties and the bank.
Who pays the loan on my mother's house after her death?
The estate pays the cost to maintain the estate. The house may have to be sold if the mortgage cannot be paid. If someone wants the house, they may wish to pay the mortgage.
