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If the word mortgage is written on the memo line of a personal check is that a binding mortgage on property?
The person who owns the property has a recorded deed that states he/she is the owner. Other parties can place a lien on the property for money owed (such as repairs, or home owner association fees), but that has to be recorded at the courthouse. The memo line is usually used for a reminder to the writer as to the purpose of the check. Additional information: NO. There needs to be granting language in a mortgage document. It needs to describe the property it covers and it needs to be recorded with the land records. It needs to meet the same requirements as a deed because a mortgage is a conveyance of sorts.
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What has the author David A Benson written?
David A. Benson has written: 'The mortgage eliminator' -- subject(s): Finance, Personal, Handbooks, manuals, Mortgage loans, Personal Finance
Can a remainder interest owner be held responsible for paying a mortgage?
If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.If they signed the mortgage they are responsible for paying it. Generally the holder of a life estate who wants a mortgage on the property must obtain the written consent of the remainders for the mortgage to be valid as against the real estate. The written consent is the same as cosigning the mortgage.
Can a wife make a binding agreement on the joint property?
No. She would need her husband's written consent to make the agreement binding. All the owners of the property must sign.
What has the author James Crossley Vaines written?
James Crossley Vaines has written: 'Personal property' -- subject(s): Personal property
What has the author Duncan Sheehan written?
Duncan Sheehan has written: 'The principles of personal property law' -- subject(s): Personal property
What has the author Harry Augustus Bigelow written?
Harry Augustus Bigelow has written: 'Cases on the law of personal property' -- subject(s): Personal property, Cases 'Cases and other materials on the law of personal property' -- subject(s): Personal property, Cases
Does a quitclaim deed transfer mortgage payments to the Grantee?
Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee.Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee.Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee.Absolutely not. The property remains subject to the mortgage and the person who signed the mortgage remains responsible for paying the loan. You should review the documents you signed when you granted the mortgage. The lender usually includes a clause stating that in the event of any transfer of interest in the property the full amount owed is due immediately. If the grantee wishes to assume the mortgage that must be done with the written consent of the lender and the written guarantee of the grantee.
I have a life estate can I get a reverse mortgage on this property?
You may be able to get a reverse mortgage with the written consent of the fee owners. However, the lender may require the property be transferred to your name alone.
What has the author S Kenneth Skolfield written?
S Kenneth Skolfield has written: 'Cases on the law of personal property' -- subject- s -: Cases, Personal property
When a person co-owns property with others can they rent the property with the others' consent?
One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.One co-owner must obtain the written consent of all the owners if they want to rent the property. In fact, a lease, to be binding, must be signed by all of the owners.
Can someone other then the life estate holder take a mortgage out on the property without the life estate holders permission?
No. Only the fee owners can mortgage the property and they can only do so with the written consent of the life tenant.
What has the author Douglas K Newell written?
Douglas K. Newell has written: 'Security interests in personal property' -- subject(s): Cases, Personal property, Security (Law)
