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Mortgage Community Forums | Loan Talk for First Time Home Buyers | name on deeds but not lender

name on deeds but not lender

Posted on: 25th Oct, 2010 11:07 am
I am the sole name on the mortgage but my spouse is on the deeds to the property along with myself...What paperwork do I look for in the mortgage papers to find if she allows for the property to be taken over if I default on the loan?
your spouse's name is on the property. if you default the mortgage payments and if the property has equity in it, then your spouse can refinance the mortgage or assume the loan and pay off the dues to save the property.
Niicss
Posted on: 26th Oct, 2010 02:48 am
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