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If i leave my home in my nephew's name can he take over the mortgage?
Wiki User
∙ 13y ago
This is something you must discuss with your nephew. If he is a minor then state in your Will that so much money is left to pay for the monthly payments on the mortgage. If he is not a minor then ask him if he would be willing to take over the mortgage. I am sure he would because he could always sell the home for a profit just for the property alone.
You need to discuss that matter with your lender.
Wiki User
∙ 13y ago
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Do you have to pay mortgage even your name is to on the mortgage?
If your name is not on the mortgage you are not legally liable for the loan as far as the bank is concerned. You could become liable through a divorce if it has been your home for you and your spouse.
Where can one find the current home mortgage rates?
One can find current home mortgage rates from: Money Supermarket, Money Savings Expert, Which Mortgage Advisors, Bank Rate, Mortgage News Daily, to name a few.
What is the name of Australia's leading home loan and mortgage broker?
The company 'Loan Australia' are a leading home and mortgage broker. However, there are several other home mortgage companies, such as 'Ring India' or 'Mortgage Choice'.
What happens to a mortgage when home owner is deceased and the home is gifted to a child in a trust?
The mortgage must be paid. When a property has been encumbered by a mortgage the property remains subject to the mortgage even if the title is transferred or the original owner dies. You need to pay off the mortgage or make arrangements with the bank to transfer it to your own name. If the mortgage isn't paid the bank will take possession of the property by foreclosure.
How do you get your name removed from the church mortgage loan?
Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.
An informal name for a mortgage?
Home loan
What is abram's nephews name?
I think one of Abrams nephews name is Isaac.
How long can you leave a house in a deceased person's name if there is no mortgage Who is responsible for the property taxes?
how long can you leave house in deceased name
How could we change the deed from my parents name to the childrens name. They still have a mortgage on the home. what California deed would we use.?
If there is still a mortgage on the home then the deeds will be with the mortgage provider and they will not allow you to change the deeds without paying off the mortgage first.
If your mother is on the mortgage loan can you refinance the home in your name if you are on the deeds?
If you will still be an owner then you will also have to sign the mortgage.
Do you have to pay mortgage even your name is to on the mortgage?
If your name is not on the mortgage you are not legally liable for the loan as far as the bank is concerned. You could become liable through a divorce if it has been your home for you and your spouse.
Where can one find the current home mortgage rates?
One can find current home mortgage rates from: Money Supermarket, Money Savings Expert, Which Mortgage Advisors, Bank Rate, Mortgage News Daily, to name a few.
In california-grandmother died with home loan in her name but the house was quick deeded in my name before she died-can I leave loan in her name and continue to pay?
That is not a good thing to do. If the bank realizes it, they can foreclose immediately. Better to have the estate clear out the mortgage.
What is Hercules' nephews name?
Mercury
What is the name of Australia's leading home loan and mortgage broker?
The company 'Loan Australia' are a leading home and mortgage broker. However, there are several other home mortgage companies, such as 'Ring India' or 'Mortgage Choice'.
Should you put your home in your daughters name?
If it is your intent to gift the home to your daughter, and if it is permitted by the mortgage holder, yes.
Can a home owners association foreclose on a home in Florida without informing the mortgage company?
Foreclosure is a legal process whereby all interested parties are included, or the foreclosure procedure cannot be completed. If you believe that your association is foreclosing on your title, and you believe that your mortgage lender has not been informed, you can inform your lender, since the mortgage is in your name, not the association's name, and your responsibility is to protect your name.
