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An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.

An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.

An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.

An unreleased mortgage is a mortgage against a property that has been recorded in the land records for which no discharge has been recorded. In other words, it is still an outstanding lien against the property. The property cannot be sold until the mortgage is discharged.

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13y ago

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Can somebody other than the homeowner live with you if you have a reverse mortgage?

Another person is allowed to live with you even though you have reverse mortgage. You can have the other person help pay the mortgage.


Can real estate property be split and half of it sold when house is still mortgaged?

It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.It all depends on the description of the property covered by the mortgage. If the entire property was described in the mortgage the bank owns an interest in it. A half cannot be sold unless the bank agrees to partially release that portion from the mortgage.


What is a seller's second mortgage?

The seller assigns keeps the first mortgage in his name, the buyer makes payments to the seller to cover the first mortgage and the sellers equity. It's sometimes called "seller financing" or "land contract".


What kind of services does the Standard Mortgage Corporation offer?

The Standard Mortgage Corporation offers many different services, including searching for homes that are behind on mortgages, as well as giving tips for those trying to achieve good mortgage.


How does one remortgage a business?

Someone can remortgage a business by obtaining a mortgage on the business from a bank or loaning agency at the end of the initial mortgage maturity date. Financial advisor's and mortgage experts are available at banks to assist businesses that are looking to remortgage their business.