WebIf your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage. WebFeb 10, 2010 · Q I have lived in and payed the mortgage on my house for five years, but it is my dad's name on the mortgage and deeds due to my financial position after I got …
What happens if I
WebAfter the quitclaim deed is filed, you will owners the entire property and be responsible by the entire lien. If the mortgage are in your name and they are not keeping the property (i.e., if your ex is getting the property in the divorce, then your ex must either refinance or assume the rent. WebJun 7, 2024 · If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage. impero collection merlot
Adding A Name To A House Deed But Not A Mortgage Huuti
WebFeb 21, 2011 · The idea was for my wife to be the only name owner of our family home (i.e. be sole name on the deed and the mortgage). However, as my wife is pregnant, the … WebFeb 9, 2024 · If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage. WebApr 21, 2024 · It is very unlikely that any mortgage lender will allow you to add a name to a house deed but not a mortgage. In most cases, the mortgage lender will keep … lite head