Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

property deed

Author Message
Belinda

Guest







Post Posted: Wed Nov 30, 2011 8:33 am    Post subject: property deed
Like 0
Dislike 0

I have property in Louisiana and my atterney never gave me the deeds to the Seccesion of my father how do i go about getting a deed to the property I have been paying the taxes on the property for 11 years now and they tell me i dont own the property
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Guest









Post Posted: Wed Nov 30, 2011 6:26 pm    Post subject:
Like 0
Dislike 0

Hello Belinda,

In order to be the owner of real property you must be named as grantee on the deed. If your name is on the mortgage but not on the deed you have obligated yourself to pay for real property you do not own. If the primary borrower defaults the lender will go after you for full payment of the mortgage yet you do not own the property.


Idea

_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile sabrinatoss
sabrinatoss
Community Expert
Community Expert



Joined: 16 Jan 2011

Posts: 516
Location: Australia
82.74 Dollars($)
Post Posted: Wed Nov 30, 2011 6:33 pm    Post subject:
Like 0
Dislike 0

Hi Belinada,

You will need to check with your individual state laws. Generally, if you were only added to title via "QUIT CLAIM" they can not come after you for the mortgage liability. If you are not on the mortgage, you are not on the loan. However the property will still be gone.



Shocked

_________________
Home Loan, Mortgage Insurance Calculator, Mortgage Broker
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

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 (252)











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 0.062 seconds.