---

do you have to pay mortgage on a house if you already own it

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
MDOUSE1 Joined: 17 Jun 2009 Posts: 1 1.37 Dollars($)	Posted: Wed Jun 17, 2009 12:07 am    Post subject: do you have to pay mortgage on a house if you already own it Like 0 Dislike 0 do you have to pay mortgage on a house when you own it
savior70 Joined: 25 Mar 2009 Posts: 1895 Location: Florida 261.84 Dollars($)	Posted: Wed Jun 17, 2009 5:33 am    Post subject: Like 0 Dislike 0 Hi Quote: do you have to pay mortgage on a house when you own it If you own the house and want to keep it, you need to pay the mortgage. If the payments are stopped, the mortgage company will foreclose on the property. But if you didn't sign the loan documents, you're not legally responsible to make the loan payments. However, I'd like you to elaborate on the situation a little more to help me understand the issue.
robertsmith2005 Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)	Posted: Wed Jun 17, 2009 6:41 am    Post subject: Like 0 Dislike 0 both are different issue. pl explain
Realgeni Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)	Posted: Wed Jun 17, 2009 9:04 am    Post subject: Like 0 Dislike 0 MDOUSE1 Welcoem to the forum Normally you tkae mortgae when you do nto have or do not want to use all yoru money to buy a house. If you are luck and do nto ahev any loan, then you will not pay any mortgage. But you will still need to pay atleast Property taxes and Insurance will depends on you Good luck and feel free to ask
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Wed Jun 17, 2009 9:17 am    Post subject: Like 0 Dislike 0 if one owns a house and there is a mortgage on that house, then payment of that mortgage is essential. the alternative (non-payment) would result in the lender taking action to redeem its collateral (foreclosure). if there is no mortgage on the property, then there is no need to pay a mortgage. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
Guest	Posted: Wed Jun 17, 2009 10:50 am    Post subject: Like 0 Dislike 0 George were you able to follow any of those other explanations because I got lost. I know it was a vague question but it only became more complicated until you answered. mortgage=payment taxes + insurance = payment no money and no payment = foreclosure = NO MORE HOUSE
brian3 Joined: 09 Jun 2009 Posts: 80 21.31 Dollars($)	Posted: Wed Jun 17, 2009 10:51 am    Post subject: Like 0 Dislike 0 George were you able to follow any of those other explanations because I got lost. I know it was a vague question but it only became more complicated until you answered. mortgage=payment taxes + insurance = payment no money and no payment = foreclosure = NO MORE HOUSE this thing keeps logging me out! _________________ Brian F. Foster Mortgage Banker BFF Mortgage 7057 John F. Kennedy Blvd North Bergen, NJ 07047 201-305-5149 First Residential Mortgage: Licensed direct lenders in NY, NJ, CT, PA, FL, VA, MD, NC, SC, TX
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Wed Jun 17, 2009 10:57 am    Post subject: Like 0 Dislike 0 last first, again...you have to keep an eye on your login/logout situation, no doubt. activity keeps you on, of course. i was as befuddled as you i think, brian. i don't know that we've figured out what the original question was all about yet, but we do our best, after all. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
Realgeni Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)	Posted: Wed Jun 17, 2009 9:33 pm    Post subject: Like 0 Dislike 0 MDOUSE1 Did you really get what you want or allof us confused you more than what you are already? Good luck and feel free to ask

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

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