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What else can I help you with?
To transfer your mortgage to another property?
You can't 'transfer' your mortgage to another property. The bank owns the mortgage lien. You would need to negotiate with the bank to modify its lien.
Can I transfer my mortgage to another property in the USA?
Yes, it is possible to transfer your mortgage to another property in the USA through a process called mortgage assumption or mortgage transfer. This involves the new property meeting the lender's requirements and the approval of the lender.
Can I Transfer a mortgage in foreclosure to another name?
No. You have no authority to transfer a mortgage unless you are the lender. The lender can assign its rights under the mortgage to another lender. If you are the owner of the property transferring the property to another will violate the terms of the mortgage and may incur added expense to the foreclosure costs.
Can you transfer your current mortgage to another property?
Yes, it is possible to transfer your current mortgage to another property through a process called mortgage porting. This allows you to move your existing mortgage deal to a new property, but it is subject to approval from your lender and may involve certain conditions and fees.
Can one transfer a mortgage from one house to another?
The lender is not going to allow that. They may allow you to replace one mortage with another. But the mortgage is tied to a specific piece of real estate.
Is there a payment due if your mortgage company sells your mortgage to another mortgage company?
Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.
If you sign quick deed and take over mortgage payments can mortgage company default on loan?
Two different things are happening here. One is the transfer of ownership rights via a "Quit Claim Deed" and the other is in regards to the mortgage. They are two separate matters. Transferring the ownership rights of the property does nothing to the mortgage. However, the mortgage the original owner signed most likely had a "due on sale" clause in it which says the mortgage becomes "due" on the sale or transfer of ownership...meaning when the mortgage company finds out their was a transfer of ownership they have the right to 'call the loan payable in full". This could be really troublesome for both old and new owner should no one have the money. So, the answer to the question is "yes" they can. A more "real world" world answer is the answer to another question, "Will they?" The answer to that question is "unlikely" if they new payer is making the payments on time. Given the high rate of foreclosures banks are not eager to add another default to the list, so one could expect to escape detection and default. But I wouldn't recommend it...
I am not on the 1st mortgage loan but I co-signed a loan for the second mortgage The 1st mortgage lender is foreclosing If I stay current on the second will my credit show a foreclosure?
the second mortgage is based on the house as collateral. If the house is gone, the bill is due. It is not an unsecured line of credit. When the house goes the 2nd has to be paid in full or it will count against you. The only way around this is to get another line of credit/cash somewhere and pay it in full.
Where can one find all real estate foreclosures in Texas?
Visiting websites like Bank Foreclosures Sale or RealtyTrac for house foreclosure auctions is a good place to start. Asking real estate agents or mortgage officials at your local financial institution are also good places to get information.
How do you transfer a deceased ex spouse's property to yourself with a mortgage?
You cannot transfer another person's property to yourself by using a mortgage. You need to seek advice from an attorney who specializes in real estate and probate law who can review your situations and explain what needs to be done.
What is a property conveyance?
In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.In law, a property conveyance is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or an easement right in land.
Is it possible to carry a mortgage from one house to another?
No, it is not possible to transfer a mortgage. It is specific to a piece of property. But most lenders will work with you to create a new one for the new property with the resolution of the previous one.
