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If you signed the mortgage you are fully responsible for paying it. If you don't keep up the payments the lender will foreclose and take possession of the property. If your name is on the mortgage your credit will be ruined and you may find that you owe the bank costs associated with the foreclosure.
You should consult with an attorney who can review your situation and explain your rights and options.
What else can I help you with?
Do you have to pay a mortgage on a house you own?
No, if you own a house outright with no mortgage, you do not have to pay a mortgage on it.
Your spouse moved out leaving mortgage and all bills can you get him to pay half?
That will depend on the separation agreement. Or it will be specified in the divorce agreement.
Why do you need a mortgage?
basically a motgage is the "pay" for your house. you pay the mortgage. its just a word that stands for what you pay to own your house.
Does my boyfriend have right to claim half of your house if you are not married and separate after 15yrs?
Unless he helped pay for rent or mortgage, NO!
Should you pay off your house mortgage?
Yes, you should pay off you house mortgage because otherwise, you do not truly own your house.
Do you need your ex approval to move your new partner in your half owned house - Especially if you pay the interests only on mortgage?
no
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.
You your cousing cosigns your mortgage will he be part owner of the house you are buying?
yes, and if you and your cosigner get into a disagreement. you would have to take them to court to get them off the mortgage if they dont agree. and they could sue you for half of what your mortgage is worth. and if they win you pay them what they won and then they can be taken off. but yes they own half.
How can one buy a house with no mortgage?
One can buy a house with no mortgage if they are wealthy individuals who do not need loans to pay off a house. They usually pay the full amount of a house in cash.
Do you still have to pay back your mortgage if your house for sale?
Of course. Until you pay off the mortgage loan, you have to pay payments on the home.
Can you pay half of your mortgage every two weeks?
Yes, you can pay half of your mortgage every two weeks, which can help you pay off your loan faster and save on interest costs in the long run.
What options are there if spouse refuses to pay one half of mortgage payment?
The options include: stop paying the mortgage and let the bank repossess the house; pay the entire mortgage yourself; divorce the spouse and move out; divorce the spouse and stay, while your spouse moves out; find out why your spouse refuses to pay half of the mortgage and see if some agreement can be reached; seek cheaper housing; go on an extended backpack tour of Europe; enlist in the army. That's about it.
