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jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
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Post subject: |
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Hi Jena,
If the other party's name is still on the mortgage docs, then he/she can be made liable for the mortgage dues. The lender can sue both of you for the delinquent payments.
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j.c. blatejr
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Post subject: new deed or change name on old one |
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| my wife i need to put her on my deed and remove my mother and i dont know who to contact on this or do i make a new deed 713 678 7567 |
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barry12345
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Post subject: warranty deed transfer |
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| My wife acquired a separate property before we we married. I am on social security disability. In Texas she found out that because of that, if the property is deeded in both her AND my names; a 50% reduction in property taxes can be obtained. There is a mortgage note and lien in both names. What form of warranty deed will be necessary to accomplish this maneuver? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
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Post subject: |
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Hi,
To j.c. blatejr,
You'll have to ask your mother to sign a quitclaim deed and transfer the property to you first. Once she does so, you can sign another quitclaim deed and add your wife to the property.
To barry,
If you want to include your name in the property deed, you'll have to ask your wife to sign a quitclaim deed and include your name. Once this is done, you need to notarize and record the deed.
Thanks |
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rhonda
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Post subject: refinancing |
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| if a home is bought jointly and both names are on the mortgage then we want to refinance but one had better credit than the other. when refinancing one name is taken off the mortgage bill. Are both partners still legal owners of the home? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10020
Location: Alaska
917.78 Dollars($)
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Post subject: |
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Hi rhonda!
Welcome to forums!
If both partners have their name on the property deed, then both of them are legal owners of the property. If one of the partner's name is not on the mortgage, then he/she will not be responsible for the mortgage payments.
Feel free to ask if you have further queries.
Sussane |
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Pirate Grad
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| My mother sold a property in 2001 and was never recorded. She is still shown as the owner at the courthouse and now the owner is trying to sell the property. The current owner and buyer want a warranty deed signed but it doesn't state that this property was orignally sold in 2001. My mother because of medicare and medicaid stated that she doesn't own any property but with this issue, she is afraid that of signing this document. What should we put in the warranty deed to reflect the original sale date? Thanks in advance for your assistance. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10020
Location: Alaska
917.78 Dollars($)
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Post subject: |
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Hi Pirate!
Welcome to forums!
You can ask the owner of the property to include the original date of the sale of the property in the warranty deed. But in my opinion, it would be better if you can consult a real estate attorney in this regard.
Feel free to ask if you've further queries.
Sussane |
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Pirate Grad
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Post subject: |
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| Sussane - Thanks for the advice! |
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smithsussane
Joined: 18 Sep 2008
Posts: 10020
Location: Alaska
917.78 Dollars($)
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Post subject: |
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You're most welcome Pirate  If you have further queries regarding mortgage or any other related financial issues, feel free to post in the forums. The members/experts participating here will try to help you. |
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betty
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Post subject: how you get out a warranty deed with a real estate |
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We sign a warranty deed and didn't have no idea into what we were signing it been about three year since he ahd the porperty and he stated that he was going to sell the property with then a year or two. I can't buy another house cause the loan still in my name, but he holds the title to the property
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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tmjm1025
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| A co-worker of my husband's is wanting us to take over payments on their trailer in Magnolia, Texas. They are willing to leave the mortagage in their name but we make the payments and pay the taxes. Is there a legal document that can be drawn up that holds us responsible for everything? |
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David Hopkins
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Post subject: Updating Warranty Deed |
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| Hello. I'm hoping someone here can help me. Back in 1999 I bought a house and my parents cosigned so all 3 of us show up on the warranty deed. In 2004 I refinanced by myself and we all assumed that meant the house title was in my name alone. It turns out this is not true as a new warranty deed was never filed apparently. How would I go about getting a new warranty deed showing me as sole owner and filing it? Thanks for any assistance. |
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Lamont
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Post subject: Transferring property to a LLC |
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| I own two duplexes both mortgages are on my personal credit. How can I transfer both to an LLC? I live in Texas and on one of the units I used a VA loan; will it be possible to transfer that property also and free up my VA loan for a future property? |
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TRH
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Post subject: title transfer on mobile home |
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| My oldest son has lived with my father for over 2years, since the passing of my mother and my father wants to leave it to my 21 year old son. |
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