 When People Signed Sub-Prime Mortgages Did They Look at How Much Their Payments Would Like Be After Resetting? |
I would hope that people paid attention to how high their payments were likely to be after the first reset.
And, more importantly, I hope people looked at how high their payments might end ... |
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 How can so many people afford expensive homes and nice toys?? |
| And I'm not talking about million dollar homes on the ocean either. From coast to coast, towns large and small. there is always the neighborhood in every single one of them where people own $250... |
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 My landlord has a repossession order on his flat and we are sitting tenants what can we do? |
Additional Details
we have paid the rent regular each month and now the landlord has had a court letter saying the mortgage agency are repossessing the flat next month and he has to ... |
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 Mortgage scam/Bank fraud? |
The daughter of a dear friend of mine has gotten herself in some pretty deep trouble and claims innocence. See link.
Is it possible that anyone involved in this may not have known what was going ... |
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 Is it possible to move out of my apartment without penalties? |
| My roomate and I moved in at the end of July but we still have not signed the lease the landlord gave us. I still have both copies we were supposed to sign and I've seen the landlord plenty of ... |
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 Advice, comments about our FHA loan? |
| make a long story short. My wife and paid off all of our debts. we went to a mortgage company to get a loan, the lady took our info and called us the next day saying how much we were approved for and ... |
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 HELP!! Tenants are absolutely insane - called the police? ? |
Hi everyone,
I posted a while ago about how my parents have insane tenants. Recently we had a family emergency that my parents had to tend to the past few weeks. Last week we got a letter ... |
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 Do you hate viewing apartments that people are living in before renting? |
| ...like when going to see a place that is coming on the market in a few months and the place is still fully lived in? Do you hate being a tenant in that situation as well........ |
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 Can you explain to me in layman terms how adjustable mortgage rates work? |
| My sister has an adjustable rate mortgage. Over the past year her mortgage payments have gone up several times. Now her monthly mortgage payment is $2,235 for a 2000 sq ft home in a nice area. No ... |
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 Will a sold sign go up? |
| We accepted an offer on our house today, we still have to find a house to move to and I was wondering will the estate agents put a Sold sign up of the board?... |
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 Advice...................... |
| ive been seeing my girl for 5 years, ive got my own house, got approx £130K IN equity, she could sell hers and walk away with £180k, put the 2 together and get a nice place together.................... |
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john d | Does putting my name on the deed of a home that my parents own make me a part owner as well? |
I know all this has to be written and I know that it needs the consent of the people on the deed but my question is if I do get consent and it is written, and my name is added to the deed, will that allow me to be part owner of the property as well? Am I allowed to then refinance the home in just my name without my mom and dad so I can claim the interest and taxes that I'd pay on the property? I understand that they'd still be owners of the house but I just want to make sure I am also considered an owner. Can this all be done at the county recording office as far as getting my name added? Thanks. |
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Tori_Mommy
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If the home is owned out right by your parents and they do not owe any money on the property, you can have your name added, but if they still owe then the mtg comp will have to pull your credit as if you were purchasing they home.
Once your name is on the home, you become 1/3 owner and cannot refinance without all parties involved. Sorry! Best of Luck |
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NEIGHBORHOOD SUPERSTAR
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hell yea |
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Kacky
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Is this a scheme to get money? Only the owner of the house can change a deed, through an attorney. And to refinance, all the people on the deed have to be in on the deal.
Denielle, it's "Quit Claim" |
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Chauni
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Yes, even your a owner or a Forger |
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Shell
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I |
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merrigandesign
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yes it dose make you part owner and thusly you also have the responsability for the taxes and the morguage |
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messtograves
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You will be a part owner. If you have power of attorney over your parents you can refinance without their consent. If not you absolutely need their signatures to refinance. You are absolutely an owner. The flip side is that once you are on the deed they can not do anything without your permission . You would be an official owner. If the idea that the house is also going to be a part of your inheritance, I would make sure that they do not leave their share of the house to someone else, ask for a look at the Will . I know that they may not be the most comfortable thing to do. |
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white_lines15
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Yes, it makes you an owner of the home. Yes, you do have rights to refinance teh house. With your parents names on the deed too you would need them to quick claim the property to you if they dont want to be on title. If you did the loan in all your names for approval reasons you will need to leave them on title. The title company can answer all of your questions.
Good luck!
Denielle Hass
www.americanhm.com/denielle.hass |
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Kathleen M
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You would need to have a new deed prepared adding your name to the property, signed by your parents and notarized and recorded in the county recorder's office where the property is located. This would make you an owner with your parents. To mortgage the property, both you and your parents would need to sign the mortgage. It would be up to the lender if your parents would need to sign the note and other loan papers making them responsible for the debt. It is possible for you to be the lone debtor on the loan if your bank agrees. Your parents would be signing the loan papers with you quite simply so if you defaulted on repayment the bank could foreclose. Talk to your parents, talk to your banker. |
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