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Asked 06/28/2009 07:45 am CT (Jacksonville, FL)

My mother has filed a quickclaim deed with the county as \"rights of survorship\" to me. We want to add my name to the actual deed with the mortgage company. Will I be required to re-finance the home with the mortgage company (bank of america)? When the loan was with country wide we were told that as long as I was on the actual deed to the home I could simply continue the payments. I have no interest in selling the home and just want to live in it.

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You would have to check directly with BofA, but most likely yes. Just because you are on the deed, ...

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Asked 01/20/2009 09:34 pm CT (Bayonne, NJ)

how to take off someone name on a mortage and title and put it on your name. when you are the one that is paying the mortage the taxes and evreything else all they did was sign for the loan now they won\'t refinance we don\'t have no authory to anything we can\'t ask the bank any question we pay for everything the person get the benefit because they sign for the loan my sisters and i can\'t get no help from the goverment to finish our school because they think my mother make to much when everything she and i make go towards the mortage and taxes and bills. the person that sign the mortage get all the benifits as a homeowner

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Asked 01/08/2009 07:06 pm CT (New York, NY)

Three-four years ago my mother deeded to my father and then my father to me through an irrevocable trust with my mother as the lifetime beneficiary. My mother has Alzheimer's and was in need of homecare services. The house now needs repairs and I am attempting to get a home equity loan for the trust. I understand that it is not sound to have a new deed as we would lose the benefits of the trust. I live in the home with my mom. The property is mortgage free. My credit score is 647. I had 4 judgments and a tax lien - all of which have paid over the past 4 years. I need about $30,000 but understand that many banks would not offer such a small amount. Any ideas, please.

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Asked 10/30/2008 08:21 pm CT (Indianapolis, IN)

We are moving in with my mother. She has the mortgage and title in her name only. She would like to add us to both. How is this done?

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You have several options, your Mother can contact a Real Estate Attorney and have your names added t...

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Asked 09/08/2008 01:21 pm CT (Vancouver, British Columbia)

My wife's parents owe us a large sum of money from a shared property here in B.C. My wife's mother has inherited her mothers home in Alabama. The home has a clear title, and we're told it is on the market. We have asked that she talk to a morgage broker about paying us back from the equity in the home, she has informed us that she can't do anything because she is a Canadian, living in Canada. And that the laws won't permit her to access the equity. We are sinking in debt, any information on this would be greatly appreciated. Thank You, Basil.

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Asked 05/29/2008 10:11 am CT (Baltimore, MD)

I want to refinace my house to get caught up on bills but I\\\'m not able to becasue of my credit. I wanted to do a QuitClaim Deed to add my mother so that she could refinace. I was told that because she is not on the original loan I could not do that in addition to her not living in the house. Is any of this true? I was told this after the agent got all our info and processed it. He knew she didnt live with me from the beginning and also that I was the only one on the loan.

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Asked 05/19/2008 10:29 am CT (Oxford, MS)

My wife and I have been deeded a property using "a special warranty deed subject to life estate". We would like to borrow against the property for improvements, however, we would prefer not to have the grandmorther sign docs as grantor because of age and mental wellness. The grandmother no longer lives in the house, and will not return to the house because of health issues. Does the deed superseed the Life Estate, and should we be able to borrow with out her signature? Thanks

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Asked 04/26/2008 11:00 pm CT (Baltimore, MD)

My mother passed away 26years ago. I never removed her name from the deed on the house ,which is paid for, what do I need to do Now ?

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I'd first ask you why you want her removed from the deed, are you just cleaning up your record keepi...

[ Total Answers: 3 ]

 
 

Asked 04/26/2008 10:57 pm CT (selma, AL)

My mother sign a deed of a duplex dwelling to me and my nephew. She died before house payed for. Now my nephew wants ownership and will not continue to help pay his share. which has to be payed jointly. He just filed the deeds she signed 2 yrs after her death. He also owe me for mortage maintenance upkeep. I want my money. Can he take ownership without finish paying what is owed back and now and future.

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How can he take sole ownership when you state mother signed deeds to your & your nephew?...

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Asked 04/24/2008 10:41 am CT (chicago, IL)

My mother is moving to a nursing home and her income which is paying for the mortgage on her home will follow her to the nursing home. The house has been on the market for six months through Buy Owner and with the declining economy and neighborhood the probablity that the house will not sell is great. The appraised value is $140,000, amount due including loan is approximately $100,000. I have no interest in property and would like to know the best way to unload it.

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Go to an investor group meeting and offer the house to them. Or put it on the market with a Realtor...

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Asked 04/01/2008 07:51 pm CT (crossville, TN)

I am a vet, honorable discharge and 58 years old. I am currently a caretaker for my mother who is 88 years old , does not require medical care- but daily physical care ( making sure she gets food prepped, a bath, transportation to dr. visits etc..) I have 8 living bro/sisters..and I get paid by them monthly of $800.00 in personal check form, along with a retirement check of $125.00 per month..I want to take advatage of my Va benefits by applying for a VA mortgage loan. I have just begun this job this past year of taking care of my mother and will file taxes at end of 08. (was taking care of her w/out financial income last yr)..can I still qualify for a VA mortgage loan? I would only need about $45,000 or less- my daughter has property (14 acres) and I want to get a small 1 bedroom log cabin kit to put up on the property..would I be allowed to do that and qualify for a mortgage loan thru the VA..my daughter said she'd sign any needed paperwork approving me to put a dwelling (no bigger than a barn on the property, they have already had a spot perked approved for me to put in a home. thanks so much for a helpful site to an old guys questions:-) Jerry

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Asked 03/19/2008 01:03 pm CT (selkirk, Manitoba)

Me and my ex purchased a house in july 1995 for 65000., he moved out in jan 1996 and left me with the house. in dec 2000 i had to move cuz i couldnt afford the house anymore, i gave up the house voluntarily, the bank took it over and sold it for 59000., now ever since then i have a collection agency after me saying i still owe like 23,000. but i still dont understand where the money of 5 years that i paid went to? i figure i paid like 40,000. where did that money go? also they say my opening balance was 73,000 how could it go up? i have a paper from 1998 saying my balance was 63000. I just don understand whats going on. and they got me to send them a financial statement and stat declaration so i did and made them an offer of 2000., they come back saying that i had to options 1-pay the 2000. one lump sum or 2- if i had to make payments i had to pay 4000., i dont know what to do. im a single mother with 4 children. any advice how i can find out what to do, im willing to pay the 2000. but only by payments cuz i dont have money. is bankruptcy a good idea? thats how my ex got his name off there. please let me know asap cuz their calling me and stressing me out threatening to garnish my wages.

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http://fair-debt-collection.com/

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Asked 03/17/2008 09:02 am CT (Los Angeles, CA)

My grandmother recently passed away, and her name and my father's name are on the deed to a property. How do we remove my grandmothers name from the deed?

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Asked 02/22/2008 08:35 am CT (Chantilly, VA)

My mother and bough a home together in 03 suing the 80/20 principle which mean we have two mortgages. We are both listed on them both and share a 50/50 payment and ownership rule. I am having a nightmare time applying for an auto loan due to my dept to income ratio which is primarily the home. I have a few credit card that hold a very low balance to credit limit. I have heard that I can claim my mothers contributions as income to help my debt/credit ratio. Since the bank does not look at the fact that there are two head of household here that are both claiming 50/50 ownership and payments. Please provide me with any information that could potentially help both of us reduce this ratio to obtain credit for an auto loan.

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Asked 02/12/2008 10:08 pm CT (san diego, CA)

My mother owed her house outright. right before she passed away she took out a 2nd on the house for $75,000. (Her home is worth well over $500,000.) The house was left to my brother and me, however my brother who is claiming he was made the trustee just before she died (her lawyer was it as far as I knew) now is saying he will not pay the loan because it was our mothers loan. Even thought the loan company is asking for a payment. However if the house was used as collarterial can't the loan company demand or expect payment from us since the house was left to us? Or with her death does the loan go away? My brother has since rent out the house way under fair rental rates for the area and is telling me that I can do nothing and that he will buy me out in a year or so. Thank you for your help.

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You should be concerned. if the home was used as collateral for the "2nd" loan, then yes, the loan ...

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Asked 02/06/2008 10:47 am CT (San Diego, CA)

Mortgage Company is refusing payment to steal old lady’s house Hello, My 83 year old Grandmother owns a 450,000 house. About 9 months ago she refinanced it for 187,000. She pays 780.00 a month on the mortgage. She let it go for 3 months and now owes 2500 in back payments. I started to pay it off last month by sending them $1000.00. They said that it was ok for me to pay them last month, but this month they are refusing payment. I now have the money to pay off the entire amount that is due, but they are still refusing payment. They made it difficult for me to help my grandmother with this: She had to call them many times and we sent in signed documents to get them to talk to me and allow me to make payment arrangements. Now they are going back on it. Due to their lies and behavior, I feel that they want the house and not the money. What can I do to force them to accept the money that would bring her current, rather then let them foreclose and get a 450,000 house for 187,000? I don’t really have the money for a layer, but I do have a very strong sense of justice, enough to keep working on this 24/7 until it is resolved. Thanks much for any info

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It sounds as if you have done everything right. I am surprised that if you negotiated payment plan,...

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Asked 01/31/2008 10:41 am CT (Enola, PA)

Hi, my mother passed in 2002 and my husband and I moved in with my father and I am his power of attorney. I have 7 other siblings and they all agreed on the POA. His home is paid for. He is 86 years old and in pretty good health. As of right now he has a will and a living will. In his will he has it stated that when he passes all living siblings split everything. His house his worth about two hundred thousand. My husband is going to be 58 years old and I told my siblings that if we have to live with my father for another 5 years or so until he does pass that my husband and I will not be able to go out and by a house and get a mortgage anywhere and asked them what they thought about my dad's house being put in my name. They all agreed with this and I talked to my dad about it and he doesn't have a problem with leaving me the house so my husband and I have a place to live after my father passes. The house is starting to need some repairs and my father doesn't have the money for them so I thought if my name was on the deed or whatever then my husband and I could refinance the house and get a home equity loan and use that money to fix the house up and my husband and I would make the payments on the loan. What can we do in this situation, I told my siblings that if we don't start taking care of the house repairs it isnn't going to be worth much in 5 or 10 years down the road if I don't get on the deed and do something about it. Other wise I told them i am going to have to move out rather than put my own money into a house that isn't mine.

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You're absolutely right. Keeping up on home maintenance is one of the best ways to preserve the val...

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Asked 01/24/2008 07:24 am CT (Bronx, NY)

We live in a house owned by my mother who moved to Florida. We would like to buy a share of the house (30%). Can I get a mortgage for buying a share of this house? If not, any suggestions?

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Asked 12/12/2007 07:31 am CT (new orleans, LA)

i inherited my mother's home with a small mortgage. can i just continue making the mortgage payments? it is a small interest rate, and i live in the house

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Yes you can. You should contact lender and let them know though. Make sure Deed has been switched in...

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Asked 11/23/2007 07:08 pm CT (Pine Hill, NJ)

My mother just passed away her name was on the mortage loan for the home that is deeded in both our names what steps do I need to take to keep my home

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