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You cannot sever a joint mortgage. It must be paid off.
You cannot sever a joint mortgage. It must be paid off.
You cannot sever a joint mortgage. It must be paid off.
You cannot sever a joint mortgage. It must be paid off.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoYou cannot sever a joint mortgage. It must be paid off.
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Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Your husband passed away you have joint mortgage do you still have to pay mortgage?
yes
If you have a joint mortgage with an ex partner and you are refused a chage of parties for your joint mortgage are there any other options to getting them off the mortgage?
contact a real estate attorney in your state to assist you
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
no
What happens to the joint mortgage holder of a take over mortgage if the original mortgage holder pays the loan?
The joint person is still responsible until the loan is paid off or refinanced out of the person's joint name.
You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?
You own the land subject to the mortgage.
Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
What happens to a mortgage loan when the sole loan holder dies and the property is titled Joint tenants with full rights of suvivorship?
The mortgage obligation remains on the property. If the holder of the mortgage dies then her heirs own the mortgage.
If husband and wife own the house as joint tenants with right of survivorship then under CA law does having the mortgage only under husband impact ownership of the property in the case of death?
You should consult with an attorney who specializes in real estate law in your area. In some states, a mortgage by one joint owner will sever the joint tenancy and the bank will own a half interest if the husband dies and the mortgage isn't paid off. In other states the bank would be out of luck if the mortgagor died before the mortgage was paid. You need to consult with an attorney who can explain the law in California.
Do you have to be married to have a joint mortgage in Florida?
No.
Your husband passed away you have joint mortgage do you still have to pay mortgage?
yes
If you have a joint mortgage with an ex partner and you are refused a chage of parties for your joint mortgage are there any other options to getting them off the mortgage?
contact a real estate attorney in your state to assist you
How do you apply for a court order to stop a co-owner from severing a joint tenancy?
Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.Under long standing common law principles a property owner under a deed that created a joint tenancy has the legal right to sever the joint tenancy. A court will not prohibit that right.
Can you take your partners name of a joint mortgage if they are not paying their half of the mortgage as per agreement?
no
If a home has 2 people named on the deed but the mortgage is in only one persons name what happens if the person who dies is not the mortgage holder?
It depends on how the 2 people owned the property: as joint tenants, tenants by the entirety, tenants in common, and whether the mortgage covered the entire fee ownership or just one joint tenant's interests in it. Too little information to be specific, but if we're talking joint tenants with the right of survivorship, the mortgagor-owner would inherit the deceased joint tenant's share and nothing much would change.
