Posted on: 16th Apr, 2009 06:03 am
Can my husband hold the mortgage and I still be listed as half owner on the property? I am concerened that if I am not on the mortgage I can not own the property.
wife, your husband can be the only borrower while the two of you are the owners. if that is the case you're describing, then you need not worry.
your ownership would not be "half," either. each of you are full owners of the property.
your ownership would not be "half," either. each of you are full owners of the property.
Hi Guest!
Welcome to the forums!
I agree with George that it is not mandatory for you to be on the mortgage. You can still own the property if you are only on the property deed and not on the mortgage.
Feel free to ask if you have further queries.
Sussane
Welcome to the forums!
I agree with George that it is not mandatory for you to be on the mortgage. You can still own the property if you are only on the property deed and not on the mortgage.
Feel free to ask if you have further queries.
Sussane
Hi Carrie!
Welcome to forums!
Did the mortgage company give you any reason as to why they removed your name from the mortgage deed? As far as I know, you can add your name to the deed. However, before doing that you should inform your lender about it.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Did the mortgage company give you any reason as to why they removed your name from the mortgage deed? As far as I know, you can add your name to the deed. However, before doing that you should inform your lender about it.
Feel free to ask if you have further queries.
Sussane
there is a whole new sense, i think, that mortgages are not valid if all those signing notes are not on the deed and vice versa. this sense is with the mortgage lenders, mind you - not the borrowers.
it is my long-held belief that a borrower need not be an owner; nor does every owner need to be a borrower. perhaps there's been a change in the laws that govern title issues that i'm unaware of.
certainly, i'll defer to attorneys who concentrate on real estate to settle this, but i'm curious, frankly as to when and where this concept came about.
it is my long-held belief that a borrower need not be an owner; nor does every owner need to be a borrower. perhaps there's been a change in the laws that govern title issues that i'm unaware of.
certainly, i'll defer to attorneys who concentrate on real estate to settle this, but i'm curious, frankly as to when and where this concept came about.