What's the difference between not having your name on a deed but your name on the mortgage?
963676
First let me clarify.  A mortgage loan is comprised of 2 main documents; a promissory note and either a deed of trust or a mortgage.  What your girlfriend may have done was to add the man as a joint holder on the title to the property   Doing that did not did not in any way relieve her from responsibility for payment on the promissory note.  Any delinquencies on the payments on that debt will be accurately reported in her name as she is solely responsible as the only signer on the note.\n\nIf, by chance, she signed the property over to him solely, she is in a real jam because as sole title holder he can sell the property without her consent so, in effect, she is responsible for the payments on a home she doesn't own.\n\nIn either case, her mortgage delinquencies may make it very challenging to find mortgage financing on a new home at a good rate and a reasonable cost.
234839
Have an attorney help you execute a "Quick Claim Deed."\n\nAlso, it does NOT have to be okayed with your Mortgage lender.  You can have any name(s) you want on the deed.  The deed and the mortgage are two completely different things.
536460
That depends on a lot of things.\n\nA mortgage loan will have a note and deed, usually deed of trust, other types of secured loans will have a security agreement as part of their contents. There are survivability and durability clauses and other issued addressed by the loan instruments.\n\nObviously the best terms and conditions are those under which the borrower personally has the least about of liability possible. Thus a loan without a personal guarantee is better than one with one as part of its body.
163917
The seller’s debt (mortgage) is reassigned to you and remains in first priority as a lien against the property.  Any further financing (junior financing) is considered a second on the property.  If the current note (mortgage) is at a good rate, assumption can be a good thing.  The bank already knows the property is worth the risk.
354686
The owner needs to go to the register of deeds and request the new name be added in addition to theirs, you should not have to refinance at all. We live in Wisconsin, and just did it without refinancing at all.
68235
Normally just proof of id, possibly an earnings statement. An estimate of how much the house will cost wouldn't hurt but I don't think it's necessary.
942381
One question..are they lending you the money or are they borrowing the money from a lender to help you buy the home?\n\nIf they are going to be the actual lenders, in other words, they have the cash to give you for the home, they do not have to be on the deed. If they are borrowing the money through a lender to help you buy the home then they will have to be on the deed.
837210
The certified copy is fine. \n\nAfter a deed is fully executed by the Seller, it gets taken to the Land Records (usually the County Clerk, but some states it is the Town Clerk) and it is Recorded.  They make a copy, and put the copy into the official books, and mail the original back to wherever they were told to mail it (deeds usually go to the new owner, mortgages to the lender, but sometimes they are told to send it to an attorney).  \n\nSometimes the original gets lost. It doesn't matter. It's on record, and a copy of the original that is Certified by the Clerk as a True and Correct Copy is every bit as good as the original for any and all purposes.
285587
When you have a buyer,if they are getting a loan ,their lending agent can take care of all the closing papers.\nYOU are required to pay for the new deed, NOT A TITLE OF OPINION< the buyer will want a title of opinion,at their expense >
556340
Unfortunately, there is no one answer to this problem. It depends on where you live and what type of security instrument the lender uses. There are two that are generally used, the mortgage and the trust deed. In a trust deed state, an non-judicial process is used. You never have the title to your home until your loan is paid off, just like with a car financed through a bank. The lender reports your delinquency to the Trustee, who holds the title to your house and the trustee puts the house up for sale. When someone buys it, he pays off the bank. It can be as quick as 90-120 days in a state like Texas.\n\nIf you live in a mortgage state, the lender has to go before a judge and get a judgement of foreclosure. Going through the whole court procedure is expensive and time consuming. I have seen mortgage foreclosures take two years in a state like New York, then they have to evict you!\n\nAt your early stage of delinquency, you have many options to save your home. You can check out a free, 5 part course on how to save your home from foreclosure, here: http://301url.com/StopForeclosures\n\nGood luck!
80244
Your mom putting you on the deed doesn't have anything to do with you taking out equity.  You would both have to qualify and refinance the house in both your names in order to get equity from the home.
381392
There is no difference for you. if she is pressuring you to refinance and put her on the loan, explain to her that it costs money to refinance and typically you will be rolling the closing costs into the new loan thus eating up equity. and risking getting a higher interest rate which equals higher payments. If she wants to do it for credit reporting reasons, there are other ways to bring ones credit score up. Now you can go down to your title company or equivilant to, and have her put on the deed of trust, but if you are married and live in a community property state, then guess what half the house is hers anyways and problem solved. I think that is what people are telling you that by law she has to be on title, no the correct answer is by law half the home is already hers, and if you were to buy another home under your name her being your wife would have to sign at closing on the deed of trust because of community property state laws, but if you don't live in a community property state then no it is not required by law.
986127
You need to be put on the note from the mortgage company.  Meaning you would have to refinance.  Your parents will get the tax credit.  But as a suggestion, I would ask your parents to put you on the deed so if anything happened to them you will not have to pay an inheritance tax.  Establish credit if you can.  I know it is a tough world but that is your best bet.
809935
Depending on where you live you may choose to "name" you flat. In the UK some houses (apart from having a street address and house number) also have a name. After that, all you have to do is just give the name of the house to whomever sends you bills and maybe change the name on your letterbox.
621299
It's not fraud or extortion.  If the title is in his name, and you are not on the title of the home... he is the owner of the home.\n\nIf both of you are on the title, both of you would have signed mortgage docs (you would have had to acknowledge the presence of a mortgage).\n\nWhatever you two did with the money is between you two.  Yes you've been had; this is a civil matter.  Did you have an agreement between the two of you(written)?
1004480
This has nothing whatever to do with marital property rights, community property or anything else. (Although would be important in other circumstances.) But here, your name is on the deed.\n\nIf your name is on the deed then you have an interest in the property. If the deed is simply to you and your spouse with nothing further stated then your interest is the same as your husband's.
603981
Since the loan is not in YOUR name, it has no effect on YOUR credit.  If the LOAN is in the "the estate of __________", the bank KNOWS the person is deceased, even if they don't realize it.  It may be the DEED is in that name, which is a whole different animal.\n\nWith a credit score of 780, I wouldn't worry about getting the loan in your name.. Just pay it off and start putting that payment into savings where it will earn YOU some interest (instead of you paying it to the lender).  You will benefit from paying it off by having 1). no mortgage payment and 2). full equity in the house.\n\nGood for you for wanting to get this paid off!  Sounds like you have pretty good financial sense.