Put your name on the deed, just not the mortgage
Posted By: me on 2007-12-31
In Reply to: Home deed question. sm - Undecided
talk to a good loan officer at a bank about the difference.
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i specifically refinanced my mortgage because my lender transferred my mortgage to a company
that offshores. Ironically, my NEW mortgage co. just transferred me back to the same company that offshores. I can't win.
But once the deed is done...
The single mom takes on the brunt of the responsibility. It's not the kid's fault his mom made a mistake when picking his father. Sometimes it is the best thing for the children if the home was unsafe, etc.
Name on deed
Are you on the loan? Are you prepared that is something happens, divorce, or death that you will have no equity in the house, no place to live and will probably have to move immediately? So if you are paying anything towards the payment even with working and paying other bills, you are not entitled to anything should you split or he dies. So be prepared for that. But again, I could be wrong so I would definitely check with a lawyer but I would think that if your name was on the mortgage loan, then it would have to be on the deed and vice-a--versa if there is a mortage loan. May I ask why you don't want to be on the deed????
Deed
But if you are on the deed with "right of survivorship" all of it goes to you and it does not have to go through propate.
contract to deed
Not sure but think it means the seller has to give 15 days notice in writing and able to prove default in payments and a date is set for closing shortly thereafter for settling the mortgage. If the buyer cannot come up with the financing to purchase from the seller, the seller by law is allowed to keep all monies paid thus far and the buyer's only recourse at the point is court.
I may be wrong but I think this is how it goes. Good luck.
Have you ever tried to do a good deed
and have it come back and slap you in the face? I tried to do something, at a significant financial consequence to me, and now I'm the bad guy and I've got a complete stranger e-mailing me telling me everything I did wrong. I know I should just blow it off, but I can't. I trashed the e-mail and then deleted it from my trash and I don't store them on the server. I didn't feel like I owed this person an explanation, but then I wanted to tell them nicely that they don't know the whole story and I made the best decision for all parties.
Good deed...
Certainly have - been there and back many times. I think everyone has, except for a few very self-absorbed people I am related to who have never lifted a finger to help anyone in their entire lives.
When I had to work through the emotions you are feeling now, I just let myself fantasize about what I would say to the people involved. It helped me work through the hresentment and hurt I felt, but I didn't do or say anything to another person that could have just made things worse.
doing a good deed
I can't believe you did all that for her and she didn't even thank you! She must be a piece of work. I cannot believe how she can be so selfish not to realize all the work and expense you went through for her. And to then keep it up by not wanting you at the baby shower? She is one sick person. God help her husband and future children esp. if she treats them like she treated you. YOU are the HERO in all of this; just remember that. I cannot believe how greedy and rude people are becoming any more. Scarier, they continue to multiply. Life is hard enough without having to deal with people like her. Drop her; she does not deserve your friendship at all. What is the matter with WalMart? It shouldn't matter where you got ANYTHING for the shower.
in deed (no message)
x
Sorry.. I meant DEED... I guess we are all a little
slippery with our fingers tonight.. "dead", "greatful"...
My response was to "deeply saddened". There are a lot of reasons to be sad in the world today; it's the thought that counts. To say that a company should never reduce their bonuses is unrealistic. It happens in all industries. My husband used to get a turkey at Thanksgiving -- now nothing. He also used to get a huge bonus at Christmas - last year he got laid off.
Home deed question. sm
Hubby and I are moving to a house. I have reservations about putting my name on deed, which I would care not to go into. Don't know if I'm giving away any rights or not to house.
Wonder what are pros and cons if I put name on deed versus if I do not. Any thoughts on this would be appreciated.
You don't need a mortgage if you can't eat.
x
That is my mortgage payment alone - sm
Our expenses for the month are about 5-6K per month.
If only, if only...Our mortgage alone is 2650.
s
Knowing what my mortgage is....sm
truly keeps me motivated....the mortgage is HUGE....*bites nails*
*lol*
mortgage shopping
Hi, this board is so helpful regarding so many different things, I thought I'd ask about my current dilema. Just sold my home in SE New Mexico, moving to Albuquerque. Obviously a site built home is the easiest one to get a mortgage for at low interest rates (I have excellent credit), but because of the cost I'm also looking at manufactured/mobile homes on their own land and in a park. This is just for me and my dog, so I don't need anything large anyway. Does anyone have any advice regarding buying a modular/mobile home as I have never owned one before? Thank you for any thoughts you might have regarding this.
Since when is it name-calling to call a bad deed? Let the scammer take YOUR lines and
see how you like it.
Cheating -- it's what people ARE not just what people do. It means they do not believe the rules apply to them and they ignore them for their own personal gain.
I could care less what you think if you're wanting to pat her on the back and say, "It's okay; we won't say anything ugly to you for your ugly actions." You go ahead and play Sunday School teacher. That's fine for you.
A cheat, a jerk, a scam artist, a THIEF. That's what a cherrypicker is, PERIOD.
Go on to Sunday School this morning...hope you feel better.
Info from 2 different mortgage officers.sm
I wasn't implying that you COULDN'T get approved, I was saying that your score would be higher with fewer open accounts, whether or not they were being used.
For most the mortgage/rent is the most expensive.
nm
About 50K in debt not counting mortgage. nm
x
Website address is for mortgage co?nm
x
The Mortgage-Lifter Tomato
A few years ago, I heard the story behind this great garden vegetable and did order some mortgage-lifter seeds from a catalog.
In the 1960s, a gentleman developed/raised mortgage-lifter tomatoes, selling them off for $1.00 each and sold enough to pay off his $6,000 mortgage. Thus, he named them mortgage-lifters.
Granted, it's too late in the year to start this enterprise now, but selling seedlings to gardeners is one way to earn some extra money.
I live in a rural area and do plant a small vegetable garden every year. I start tomatoes from seeds, and usually end up with more plants than I need. Most people I know do purchase seedlings; they don't start out with seeds. My son and I have decided that we will sell seedlings (more than just tomatoes) next spring at a weekly yard sale in our front yard.
Mortgage-Lifter story is here:
http://www.loe.org/shows/segments.htm?programID=05-P13-00038&segmentID=8
My mortgage payment is nearly that much. Ten year loan.
Mortgage late payment question. sm
I have 18 months left on my 30 year mortgage, roughly 4K left. If I don't pay my February 1st payment until March 2nd, is it likely they will demand the whole 4K immediately? Just broke right now. 
ask the mortgage company to produce the note
Just heard about this tactic this week. Most mortgages have been sold and resold and if you ask them to produce the original note you signed on the mortgage most of the time they can't and it will buy you some time. Do a search on it.
Can deduct portion of mortgage, utilities.Equip
x
% of mortgage, water, electric, gas, trash pick-
x
In some states, if buying house and married, both names are legally required to be on deed. (nm)
x
My personal goal is when my mortgage is paid off by half - just 125K to go!
Then I will cut back to part time and let hubby carry me. :-) He makes lots more than I do now anyway.
Gift of gab is a gift in deed. Not having it has cost me dearly.
I became an MT because of my interest in medical field, fascination with the work and yes, a lack of social skills. I really did think that my work would speak for me.
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