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husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take ?
“husband and wife live together but file separately. both are itemizing deductions. husband pays mortgage and r/e taxes. house in both names. does the mortgage interest and r/e taxes have to be split if all paid by husband or is husband entitled to take full deduction.”
I pay the mortgage but my husband paid for the house is it my house?
If you are paying the mortgage, your husband didn't pay for the house. The bank owns the house and you and your husband have an equal share in the equity.
Your husband owned a house in North Carolina before you were married But after you married he refinaced it the deed is in your name but the loan is not Do you have a legal right to the house?
If your husband refinanced his home and then conveyed it to you then you are the owner of the property subject to the mortgage. If the mortgage isn't paid the bank can take possession of the property. If your name is on the deed as the grantee then you have a right to the use and possession of the property until you convey your interest to someone else by a quitclaim deed. If your name is on the deed WITH your husband then you own a half interest and have the right to the use and possession of the whole property.
What happens if a mother gives her son a half ownership in her house and she dies intestate can t he son walk away from the house?
If the mother conveyed a half interest to her son by deed then he owns a half interest in the property. He would also have inherited another proportionate interest in his mother's half WITH his other siblings. He should convey his interest to someone before he walks away. His name will be on the property tax bill and if those are not paid the taxes will become delinquent and will affect his credit.
Do you have ownership rights to the house if you are listed on the deed but not on the mortgage?
Yes, but if your name was added to a deed after the owner granted the mortgage your interest is subject to the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure and your interest will be wiped out.If the mortgage is paid and the house is sold you will receive half of the proceeds at the time of sale.
Can your ex husband get half the equity in your house?
while an ex-husband has to let his ex-wife stay in the house until the youngest child is 18 in most states. after that he can ask hi ex to sell the house or buy him out, which usually ends in selling the house which price if it is paid off is divided 50-50
Can mum is paying half the mortgage of her house because her husband died the other half should be paid by his son but is not will it get repossessed?
It could. Take the son to court before the mortgage co. takes mum to court.
Your fiance and you just bought a house together you will not be married until 2009 How will you file the interest paid for 2008?
First and foremost, only the person who actually paid the mortgage interest (from his/her own funds) may deduct any of it. Then, it depends on how the house is deeded. If you own it in joint tenancy with rights of survivorship with your fiance, the person who paid it may deduct it. If you split the payments, you may split the deduction in the same proportion as you paid it. If you own the house as tenants in common, each of you may deduct as much as you actually paid, but only to the extent of your ownership interest in the property -- probably 50%. That is, even if you paid 100% of the mortgage payments, you may deduct no more than half of the interest.
Your husband had a car repossessed back in 1999 and yesterday you were sent a notice that the company had placed a lien against your house and now you owe them almost 16000 - what can he do?
Pay them off. The interest keeps adding up until it is paid. It wil be paid when the house is sold before you see the money.
My mum is paying half the mortgage of her house because her husband died the other half should be paid by his son but is not will it get repossed?
Yes, if the note holder wants to. It is up to your mum to pay the morgage if she doesn't want the house to get repossed.She can take her step-son to court to collect his half she pays and to force him to sell or buy her out.
If my boyfriend is on the deed but not the mortgage what rights does he have to the house?
He owns an interest in the property but he is not responsible for paying for it. He got a great deal. If the property is sold he will be entitled to half the proceeds after the mortgage is paid off.
When you and your spouse are buying a house who pays for it?
My husband already owned a house when we got married so i have no problem anymore. It depends on the agreement of the couple in case the house is not paid yet, but the husband should pay more :))
