Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

equity in a house?

Author Message
paf

Guest







Post Posted: Wed Apr 22, 2009 10:51 pm    Post subject: equity in a house?
Like 0
Dislike 0

Hello,
I am recently married and my husband's name is on the deed of a house that he used to live in with an ex. She has recently called him to sign a quick claim to get his name off the deed of the house, but my question is how do you find out the equity that is in a house? The house was recently refinanced and appraised, where would you get that info? His name was not on the mortage, only the deed. Very Happy Thank you!
Icon Mini Profile savior70





Joined: 25 Mar 2009

Posts: 1895
Location: Florida
261.84 Dollars($)
Post Posted: Thu Apr 23, 2009 6:35 am    Post subject:
Like 0
Dislike 0

Hi

An equity is the difference between the current market value of the property and the total amount of liability attached to it. To find out the equity in the home, you need to know the current value of the house and the amount of debt owed against it.
Icon Mini Profile srleee





Joined: 23 Apr 2009

Posts: 14

4.70 Dollars($)
Post Posted: Thu Apr 23, 2009 10:22 am    Post subject:
Like 0
Dislike 0

And you can check your comparable house value on Realist.com and then look at your mortgage statements for balances...
Icon Mini Profile haridas_badhe





Joined: 11 May 2009

Posts: 59

0.06 Dollars($)
Post Posted: Tue May 12, 2009 7:20 am    Post subject:
Like 0
Dislike 0

Hi,
Yoe need to find mortage statement and then decide she is on deed or on mortage.

Or try to concern with expert person what is actual condition....

Thanks
Hari
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.069 seconds.