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CAN TWO DIFFERENT NAMES GO ON A HOUSE DEED WHEN ONLY ONE PERSONS SIGN THE BANK MORTAGE LOAN?

Posted on: 01st Dec, 2008 07:27 am
CAN TWO DIFFERENT NAMES GO ON A HOUSE DEED WHEN ONLY ONE PERSONS SIGN THE BANK MORTAGE LOAN?...COUPLE ENGAGED NOT MARRIED YET PLANNING TO BUY A HOME IN STATE OF PA. MORTAGE COMMITMENT WILL BE ONLY IN THE MALES NAME CAN THE FEMALE NAME GO ON THE TITLE OF THE HOUSE DEED ALONG WITH HIS?
Hi cathygorcsos!

Welcome to forums!

As far as I know, it is possible to take the mortgage in the name of one person whereas both the names can be on the deed. However, you should inform the lender about this. At times, the lender may want both the persons to be on the loan docs as well.

Feel free to ask if you have further queries.

Sussane
Posted on: 01st Dec, 2008 06:20 pm
My son and his girlfried bought a home, the loan is in her name and the deed is both names. They broke up, she moved out, she told my son he has 30 days to get a loan for the house, because she is not making any more paymentd in her name. My son has made all the house payments on time for the past four years and has put $20,000.00 in updates in the home. She will not give hime the mortgage information, coupon book. He knows the bank is Franklin something? What are our rights?

Karen
Posted on: 14th Jul, 2009 11:38 am
Hi karastin,

You have mentioned that the loan is in the name of your son's girlfriend. In that case, if the loan gets defaulted, it's the girlfriend's credit which will get effected. The lender cannot sue your son for the payments. It would be better if your son transfers the property in his girlfriend's name and removes his name from the property. Thus, he will not remain liable for the property even. However, as your son's name is in the property deed, he can claim a certain portion of the equity from the property, if any.
Posted on: 14th Jul, 2009 11:04 pm
My mum left a property in my name but the mortgage is in My brothers name and he has rented it out and is taking all the money because I am not living there and he also remorgaged the property and took out £25,000 for his business which did not work..I'm a single parent with two kids with a lot of debts and trying to make ends meet..A solicitor is dealing with my case and only gives me information when I phone what do I do...He is applying for legal aid for my brother to go court..but the application has not been sent yet!!still
Posted on: 12th Oct, 2009 08:57 am
Hi Luby Lips!

Welcome to forums!

As the property is in your name, you are the owner of the property but you won't be responsible for the mortgage dues. Your brother holds the mortgage. He would be responsible for paying it off. Moreover, if he defaults the loan, then his credit would be badly affected.

If you want the property and the mortgage both in your name, then you'll have to refinance the mortgage and add your name.

Feel free to ask if you've further queries.

Sussane
Posted on: 12th Oct, 2009 08:55 pm
The deed for the mobil home my partner and I purchased is in both our names. We broke up. Can I legally enter the mobil home to get my stuff. It is a summer vacation home and I purchased alot of the items in it. Can I remove the items I purchased?
Posted on: 18th Mar, 2010 08:24 pm
Hi Dee!

Welcome to forums!

As you are listed on the property deed, you would be considered as the property owner. You can definitely enter into that property and get the stuffs that you had purchased.

Feel free to ask if you've further queries.

Sussane
Posted on: 18th Mar, 2010 09:59 pm
MY SON IS MISSING .. HE & GIRLFRIEND WERE NOT MARRIED... BOTH NAMES ARE ON THE HOUSE HE BOUGHT... SHE CANNOT GET THIS PROPERTY UNLESS HE IS FOUND DEAD --- RIGHT ??
Posted on: 29th Apr, 2010 06:37 pm
Welcome MARLI,

Your son will have to transfer the property in his girlfriend's name to make her the owner of the property. In case, your son is deceased, then the girlfriend will have to contact the county recorder's office and get the property transferred in her name.
Posted on: 29th Apr, 2010 10:16 pm
The owner thatndidn,t sign note owns 99% of house on deed- he made down payment -monthly payments for 6 years and he has been ownwr occcuping premises since closing. Can both make an obama loan mod based on only the owner (that paid everything and has always accupied) income
Posted on: 07th May, 2010 10:48 am
Hi barbaraxann,

The person whose name is mentioned on the mortgage deed will have to apply for a loan modification with the lender. Depending upon his financial situation, the lender will let the person know whether or not his request gets accepted.

Thanks
Posted on: 07th May, 2010 10:22 pm
I am on the deed of my son's home(he borrowed from me to buy the home).
Can he get an equity loan without my signature?
Posted on: 08th May, 2010 09:50 am
Hi William,

Your son can apply for a loan with his credit score and income. It is not mandatory for you to be on the mortgage. If he satisfies the criteria of the loan, he will be able to get the mortgage.
Posted on: 09th May, 2010 10:07 pm
can my husband apply for a loan to refiance our home without me and will i loose all rights
Posted on: 21st Jul, 2010 08:24 am
my boyfriend has a house, and he wants to put me on the deed, becasue we are going to get married, and we are putting a domer on the house. My question is do we have to be married for me to go on the deed of the house. because i would like to take out a loan to help with the domer
Posted on: 13th Sep, 2010 10:19 am
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