How can i get a Joint Equity with another person on my home and mortgage liability?
957345
The first step would be try to do a "streamline" refinance with your current.  You can't just sign some one up to assume half your debt.  Furthermore, most lenders will not allow a "non occupant co borrower" meaning, all people who are on the loan app have to live in the home.  So, you could refinance, with you as the primary borrower and this other person as the co borrower, and therefore jointly assume the debt.  Also, if you are married, I am nearly positive that Florida is a community property state, meaning, that even if your spouse is not on the loan to your home, if they live in it they own half.
404192
***********************************************************\nHopefully you currently own your home now. You can use the equity in your current home as a downpayment on a 2nd home. Use the 1st as a rental. This may mean refinancing your 1st home or getting a 2nd mortgage on it.\n\nI suggest you take your first $15 bucks you can spare, go out and buy the book "The Automatic Millionaire Homeowner" by David Bach. This book alone is more than enough to get you started, even if you don't think you can. You can also check out his website at www.finishrich.com/homeowner\n\nAnd by the way, don't let others tell you it can't be done or they know someone who tried, etc. They have good intentions. They are trying to protect you from disappointment (a feeling they've experienced). So thank them for being caring enough with thier warnings. But explain that what you can really use is thier encouragement and support and that any advice they have that might help you in your efforts would be much appreciated.\n\nDon't give up. And congratulations on your thinking big.\n\nHope this helps. Good luck.\n\n***********************************************************
980692
The easiest thing to do would be to contact the mortgage holder and have them put you in the title of the property as a joint tenant with him.
986772
if you own the house, a home equity loan would be in your favor.. i don't think you can use the house 4 collateral, if you don't own it.. but i could be wrong..
339953
Call a random mortgage company and ask them this question.
600493
Okay, here is the deal--\n\nIf they had a mortgage and they have decent credit and equity in the house, they could get a 2nd mortgage/equity line of credit.  That line of credit is considered a 2nd mortgage and it is recorded on the deed just like the first mortgage was.  They can indeed lose their house, either lender can decide to forclose on the house for missed payments.  Usually what happens is the first mortgage holder buys out the 2nd and then forcloses on the house.  \n\nIf they got a 2nd mortgage, they probably got a checkbook, so they could have written a check and gotten cash to give to Scott, but it was still a 2nd mortgage.  Payments will be due just like the first mortgage, every month.\n\nIf they aren't getting enough to pay both, they should immediately contact the first lender and see if they can refinance with both their mortgage and the equity line of credit.  This might be difficult because they have used all their equity in their house, so they are reborrowing for full value of the house and the bank might not go for it.  \n\nIt would be terrible for these people to lose their home because they tried to help somebody out.  I hope they can all find a solution.\n\nThey might also contact www.naca.com  \n\nIt's a non-profit housing advocacy group and they do some refinancing.  They are very much about people keeping their homes, so they might be able to help you where a bank might be less helpful.  \n\nGood luck!
106740
I believe you can.  I work for a mortgage company.  Perhaps we can help you.
948212
If your name is not on the mortgage then you may not be liable for the debts incurred on the house.\n\nIf your name is on the title then you have a stake in the assets of the house.\n\nIt seems you are sitting pretty.
289694
If you owned the property outright, you could just sign a quit-claim deed over to another person.  If this property and mortgage is in yours and another person's name, the other person will have to arrange to have the mortgage in just their name first before you can sign it over to them.  Best thing is to check with who you have the mortgage with.
206041
I don't think such a financial vehicle exists.  If she only owns half the house, somehow she has to "pay" for the half she doesn't own.  She could pay that in the form of rent to you or someone else, or in the form of a mortgage.  If she could get a reverse mortgage, she would pay for it in the form of losing equity in the house.  But in someway she has to "pay" for it.  \n\nIf she is not willing pay any money at all, the best thing is to sell the house, and she can move into a smaller house.  She can't afford the current house.  If she won't sell, you shouldn't move out.
1112107
As started in terms of contract it seems you have no interest.\n\nThough you may have an equitable interest. Equity takes a subjective approach, and you must come to equity with 'clean hands'. Equity will examine your contribution to the property and expectations you had when the contribution was made. It will also examine the nature of the agreement. Equity will as stated will look at the intention of the parties. \n\nIt is likely you may be granted a monetary sum, depending on the contribution or equity may allow you to keep remaining as a tenant. It is hard to say as you have not given much details. \n\nI suggest you seek a equitable remedy If your going to seek a remedy at all, though again it depends on the facts.
944186
Laws governing property and spousal rights vary widely from one state to the next. Go see a lawyer. Initial consultations are usually free.\n\nWith that said, in many states it doesn't much matter whose name is on the mortgage. Assets acquired while a couple is married are generally considered to be jointly held. And so, a wife who moves out nonetheless has a property interest in the house whether she co-signed the mortgage or not. The same is true for any other property and investments.\n\nIt will behoove you (especially if there are children involved) to not be guided by what any of the folks here are saying (including myself). Call a local lawyer who will help you to keep a share of what is rightfully half yours.
510513
DEPENDING ON THE AMOUNT OF THE HOME EQUITY LINE THEY COULD FORCLOSE ON YOUR HOME.  YOU USED YOUR HOME FOR SECURITY ON THE LOAN AND NOW THEY OWN A PORTION OF IT.\n\nI WOULD SUGGEST GOING TO THE BANK AND TALKING TO THE LOAN OFFICER AND SEEING IF YOU CAN MAKE JUST THE INTEREST PAYMENTS UNTIL TAX TIME EACH YEAR.  THEY MAY LET YOU GET AWAY WITH IT.\n\nGOOD LUCK
235810
No.  Mortgages are on specific properties.  You cannot transfer them from one to another.  Sorry!  To be absolutely sure, call your mortgage company, they will be able to answer it for you for certain as they are the ones granting the mortgage in the first place.
435326
The only way that someone can be added to the title of your property is if you sign a deed.  There is no way that your spouse can refinance the mortgage on your property unless you sign a deed adding him as an owner or if you sign the mortgage documents.
982135
Keeping lines of communication open is good. Also, try to make any payment you possibly can. At this point, you may have to bite the bullet and get ANY job just to pay the bills. You can still search for a permanent job but it would be crazy to lose a house you almost have paid off if you can go down the street and get a job at fast food, a retail store, etc. Heck, deliver pizzas! If you can possibly do so, get a roommate. Do whatever it takes to bring in some money (legally) and keep the lender aware of all your efforts. Once you get 4 mths behind, they can start the foreclosure process. If your credit is okay, and since you have some equity in your home, you may be able to take out a home equity line of credit - but I'm not a big fan of treating your home as a bank, esp when the problem is that you have no money to pay the mortgage as it is....it's like robbing from Peter to pay Paul. Because you're going to have to then pay back on the HELOC as well. So this would be a last resort.
174037
Call or go to SOX (Sign on the X .com) and ask for Heidi Tweedt. They have a national signing service that yo can be a part of. They contact you if you're in the zip code for a particular client who needs o be signed for a mortgage loan. You can get a significant amount of extra business from it!