What are you looking for? 

what is novation

Author Message
Albert

Guest







0.10 Dollars($)

PostPosted: Tue Sep 16, 2008 9:31 pm    Post subject: divorce and property rights

Ive owned my home for over 18 yrs and will be going through a divorce from a lady I married only 3 years ago. We had no children. Her name was not put on my Mortgage. She has not contributed anything to the home. She now wants half my house. Is there anything I can do to stop this? I am 69 yrs old and cannot afford this.
 
image
Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1475
Location: ALASKA


141.69 Dollars($)

PostPosted: Wed Sep 17, 2008 12:47 am    Post subject:

Welcome Albert,

I've replied to a similar query at http://www.mortgagefit.com/propertytransfer/divorce-house.html . Please take a look at it.

_________________
Procrastination is the enemy of your financial sucess
 
image
Maribel Flores

Guest







0.10 Dollars($)

PostPosted: Sat Oct 18, 2008 5:43 pm    Post subject: Quick Deed

Hello,

An ex and I purchased a home together. He moved out 3 years ago and I have been paying the home since then. My credit isn't very good so I dont think I can refinance. He is willing to sign a quick deed, but I'm worried since he is thinking of going bankrupt. What can I do?
 
image
Icon Mini Profile jerry
jerry
Moderator

Joined: 17 Oct 2005



Posts: 1077
Location: MICHIGAN


133.71 Dollars($)

PostPosted: Mon Oct 20, 2008 1:48 am    Post subject:

Hi Maribel Flores!

If you can afford refinancing, then you should go for it. I don't think his filing a bankruptcy will affect you if you are not on mortgage with him.

Thanks,

Jerry
 
image
JB

Guest







0.10 Dollars($)

PostPosted: Tue Oct 28, 2008 8:39 pm    Post subject: quitclaim

my father passaway and he had be given 9 acres from his parents. and there are three hiers as survivals. but my uncle said that we need to quitclaim the pro over to him and he will put, it in are names. what wrong with that picture.
 
image
Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 1525
Location: nevada


213.27 Dollars($)

PostPosted: Wed Oct 29, 2008 12:13 am    Post subject:

Hi JB!

As far as I can understand, you will normally inherit your father's property if your father has mentioned that in his will. If he has not left any will, you may file an Affidavit of Heirship and claim the property. I don't think there is any need to quitclaim the property to your uncle.

Thanks.
 
image
Nancy Jane

Guest







0.10 Dollars($)

PostPosted: Sun Nov 02, 2008 10:18 am    Post subject: Assuming a mortgage or a gift??

My daughter in law is living in my mortgaged home. Currently she is making the mortgage payments but not renting. even transfer of funds. How can I get out from under this house and loan?
 
image
Donna

Guest







0.10 Dollars($)

PostPosted: Sun Nov 02, 2008 7:37 pm    Post subject: refinancing, quit claim deed, pending divorce

My husband and I are entering into a divorce situation. I cannot qualify for a loan (to purchase my own property) as long as I am still on our current mortgage. The lending institution (which holds the mortgage to the home)indicated he could not refinance the property in his name until the divorce was final. My loan officer indicated refinancing could not occur if divorce proceedings have started. I am in a quandry as there is a foreclosure property just listed on the market 4 blocks from where we live and it would be ideal for a joint physical custody situation for our child. I do not have the cold hard cash to work with buying it outright, but need to be able to move quickly to purchase this property. Any advice please?
Thank you!
 
image
Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 1525
Location: nevada


213.27 Dollars($)

PostPosted: Mon Nov 03, 2008 12:33 am    Post subject:

Hi Donna!

I think there would not be much problem in getting the loan in your name. I would suggest you to consult some other lenders for a loan. In case, they do not agree to give you a loan, then you will have to wait for some time. You can also consult with the lenders of this community. This will be a no-obligation free consultation.

Thanks.
 
image
CL

Guest







0.10 Dollars($)

PostPosted: Tue Nov 04, 2008 12:42 pm    Post subject: quit or quick claim with morg.?

My husband & I have a rental home that is rented out, and the tenants want to buy the home but don't think they'd qualify. We have refinanced the house, (long with the drop in price's) to were there is no equity left. Can we sign over a quit or quick claim to the tenant's while there is still a balance on the mortgage? We just want to sign over the house and get out from under the responsibility and mort. payments and taxes. Can this be done with just the tenants and us without involving the morg. company? Simple & easy.
 
image
Icon Mini Profile jameshogg
jameshogg


Joined: 20 Dec 2005

Posts: 1525
Location: nevada


213.27 Dollars($)

PostPosted: Wed Nov 05, 2008 12:07 am    Post subject:

Hi CL!

Quitclaiming will only transfer the property in the name of the tenants. It will not transfer the mortgage. The buyer will have to get approved for the mortgage. In case if the buyer does not gets approved for the loan, he can try for a refinancing with the terms and conditions that they can afford. They may even check with other lenders if the original lender is not refinancing the loan.

Thanks.
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
 Previous  1 2
Page 2 of 2

 
Highlights
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
Mortgage Planner
Simple Budgeting Tool


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

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0