Discard Zip Code Deed For Free

Yes, you can refinance a home if your name is on the deed but not on the mortgage. However, it could be more complex than a typical refinance. Here's why it's harder to refinance when your name is not on the mortgage: Deed Ownership: Being on the deed means you legally own the property or a share of it.

A mortgage lives on after the death of the borrower, but unless there is a co-signer or, in community property states, a surviving spouse, none of the deceased person's heirs are responsible for paying the mortgage. Those who are in line to receive an inheritance may be able to take over payments and keep the house.

If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage.

When evaluating borrowers for a joint mortgage, the lender cares less about who is listed first, and more about the sum of the applicants' earnings and debts. In general, the lender evaluates the application the way the applicants submit it, without regard to whose name is listed first.

As long as there are legal grounds to reverse a quitclaim deed based on its invalidity, the interested party may file a lawsuit in court to revoke the document. If there are no validity issues, it may be possible to overturn the deed based on grounds of undue influence or the grantor's incompetency.

The deed was forged; The deed was induced by fraud, misrepresentation, coercion, duress, or undue influence; The deed was not delivered, or not delivered properly, and there was no acceptance by the grantee.

To make a mortgage payment on someone else's behalf, you'll need the name of their bank or lender and their mortgage loan number. This information is often available through the county recorder's office where the property is located.

Can I change the title deed? The owner may want to change the title deed if they wish to sell their rights to the property. For example, a co-owner of a property no longer wants to be listed as an owner in the title deed. A lawyer will be needed to change the deed, and a fee will be charged for this service.

To change, add or remove a name on your deed a new deed needs to be recorded reflecting the change. Many people think they can come into the office and change the present recorded deed with a form, but that is not the case. Once a deed is recorded it cannot be changed.

Property owners in New York state cannot add or change a name on a deed or title. Instead, they must file a new deed reflecting the change. However, if there is an error on the document, they can file a correction deed. A correction deed does not convey title ? it simply perfects the original deed.