Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

name not on deed or mortgage

Author Message
Icon Mini Profile dc





Joined: 07 Sep 2007

Posts: 1

1.46 Dollars($)
Post Posted: Fri Sep 07, 2007 12:10 pm    Post subject: name not on deed or mortgage
Like 0
Dislike 0

was married in 12/1998 my wife had purchased a lot before in 6/1998 new house was built, after the marriage we went and did the fianl mortgage and my name was on the orginal mortgage, then she did some re-financing and she claimed she was unmarried a couple years later? my name has never been on the deed and is not on the current mortgage. what are my rights? we both have contributated to the payments and up keep since then. if wwe sell the house will i be entitled to half the proceeds? and will the curent mortgage company make check out in my name?

need lots of help
Icon Mini Profile miller_st
miller_st




Joined: 17 Jan 2007

Posts: 918

168.95 Dollars($)
Post Posted: Fri Sep 07, 2007 1:21 pm    Post subject:
Like 0
Dislike 0

As per laws, in a community property state even if spouse is not on the deed but has made contribution towards mortgage payments, he/she will have a claim on that property. And if it is sold, would get a certain amount out of it. The rule which is used in deciding how much share spouse will get is known as the Moore Marsden Rule.

Miller
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Fri Sep 07, 2007 4:13 pm    Post subject:
Like 0
Dislike 0

Dc, you haven't mentioned which state you are in. But as Miller stated, if you are in a community property state then as per moore marsden rule to will get a share as you have made contributions towards mortgage payments.

Know more about how your share will be calculated according to the moore marsden rule from this page - http://www.mortgagefit.com/know-how/mooremarsdenrule.html

_________________
Good is the Enemy of Great.
Icon Mini Profile livinginnky
livinginnky
Moderator



Joined: 08 Sep 2007

Posts: 631

29.96 Dollars($)
Post Posted: Sat Sep 08, 2007 10:45 pm    Post subject:
Like 0
Dislike 0

In this type of situation the only solution is an attorney. I know everyone wants the magic answer on a website but you cannot find it. You need an attorney to let you know your rights as laws vary greatly from state to state especially considering husband/wife home disputes.

Most states do however provide for you as long as you can prove you made the payments. Ie. I paid it all in cash man! Doesn't fly. What also matters is what your divorce papers say. If you have a right to the house and she doesn't acknowledge then get a lawyer. Simple as that.
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Mon Sep 10, 2007 3:02 am    Post subject:
Like 0
Dislike 0

Hi DC,

As you have contributed towards the loan payments, then you can claim some proceeds from the property sale.

But I think as you are not on the deed, you will not be entitled to the sale proceeds.
RHurley

Guest







Post Posted: Mon Sep 10, 2007 3:36 pm    Post subject:
Like 0
Dislike 0

Quote:
then she did some re-financing and she claimed she was unmarried a couple years later?


That would be considered as fraud. Providing wrong information on loan application.
Icon Mini Profile liaoyu03





Joined: 09 Sep 2007

Posts: 166

4.48 Dollars($)
Post Posted: Thu Oct 04, 2007 8:43 am    Post subject:
Like 0
Dislike 0

if the name is on title then you have every right to get proceeds from the sale..and she wouldn't be able to sell the property without your authorization.Do you have access to the orginal title binder? If your wife sold the property the title company will have to do a deed and title search to make sure the home has no liens or other holders on the property.
Icon Mini Profile evolovik26
evolovik26
Community Expert
Community Expert

best lender badge

Joined: 15 Aug 2007

Posts: 537
Location: Minneapolis
28.93 Dollars($)
Post Posted: Thu Oct 04, 2007 5:49 pm    Post subject:
Like 0
Dislike 0

Talk to an attourney!
Technically your wife commited fraud and you should have been on the title. So go get an attourney ( I am assuming the marriage is not as good as it used to be since this question has came up) If you are on good terms then just have her add you to the title and problem solved.
Good Luck

_________________
Eugene Volovik
Home Loan Consultant
Countrywide

612-481-3127
Conventional, FHA and Commercial Lending in 48 states
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

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






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


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


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

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






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 21.108 seconds.