| Author |
Message |
|
|
 kas_mah80
Joined: 06 Sep 2009
Posts: 31
-3.10 Dollars($)
|
 Posted: Sun Oct 18, 2009 3:22 am Post subject: |
|
|
The replacement of existing dept or obligation with a new one is novation.
i hope you got your exact information throug this. |
|
|
ND
Guest
|
| Posted: Wed Nov 11, 2009 12:23 am Post subject: quit claim deed? |
|
|
| I have owned my home for 20 yrs, but now due to financial difficulties I have missed several mortgage payments. Rather than either selling the house or just walking away, my son would like to keep the house. He will move in and make the payments. How can I transfer the house to him and no longer have the financial responsibility? |
|
|
ADNERB7425
Guest
|
| Posted: Thu Nov 12, 2009 10:49 am Post subject: |
|
|
| I am divorced. My husband has filed Chap. 7 bankruptcy and wants to surrender the house. He has signed a quit claim deed to me. With the bankruptcy and quit claim deed, does this remove him from the mortgage as well as the rights to the property? |
|
|
ADNERB7425
Guest
|
| Posted: Thu Nov 12, 2009 10:49 am Post subject: |
|
|
| I am divorced. My husband has filed Chap. 7 bankruptcy and wants to surrender the house. He has signed a quit claim deed to me. With the bankruptcy and quit claim deed, does this remove him from the mortgage as well as the rights to the property? |
|
|
ADNERB7425
Guest
|
| Posted: Thu Nov 12, 2009 11:57 am Post subject: |
|
|
| I am divorced. My husband has filed Chap. 7 bankruptcy and wants to surrender the house. He has signed a quit claim deed to me. With the bankruptcy and quit claim deed, does this remove him from the mortgage as well as the rights to the property? |
|
|
Dado
Guest
|
| Posted: Thu Nov 12, 2009 6:37 pm Post subject: |
|
|
My question might have been answered but i did not ind and answer that satisfied my needs.
This is the situation. My Girl friend and her ex own a condo. He does not want anything to do with the condo and is willing to sign it over to her.
The problem is that the mortgage is $136500 and it only appraised for 131000. I was going to refinance with her but we can not get a loan without spending a lot of money on it. I have a 750+ credit score and she has a 720
+ score as well.
What are the chances that the current lender would consider NOVATION? Do we have any other options?
Thanks i advance!!
_________________ |
|
|
Stacey
Guest
|
| Posted: Sat Nov 21, 2009 11:39 am Post subject: Quit Claim deed and Refinancing |
|
|
| My husband and I are getting a divorce. I want to issue him a quit claim deed, to remove my rights from the property. However, his credit is bad and can't refinance right now. I want to know, if I put in our settlement agreement that I will issue a quit claim deed to him, and he has up to 5 years to refinance the house. If in that time he can't refinance, he has to sell the house. Would I be able to force him to sell the house, even though I have no rights in the house, but its in the divorce agreement? |
|
|
gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7433
Location: bloomfield, ct
67.00 Dollars($)
|
| Posted: Sat Nov 21, 2009 12:47 pm Post subject: |
|
|
of course, stacey, that's a legal question. with legal questions, you are always better off with a lawyer's opinion than that of a layperson. most of us on MortgageFit have experience in a variety of matters, but few of us are actually lawyers. i'd think you would have a lawyer handling your divorce, though it's not a necessity. if you do, ask the lawyer.
if you don't, go find a lawyer and ask. what you'll get here might be helpful, but it might not be quite right, and you can't afford to be wrong.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
|
|
Previous 1 2 3 4 5 6
