Real Property » Mortgage Satisfaction Legal Questions and Answers

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Does an Assignment of Mortgage Need to Be Recorded?

I just went to the county recorders office and got copies of my mortgage and warranty deed,because I believe that the chain of origination has been broken. But the clerk there told me if a bank sells your mortgage to another servicer it did not have to be recorded in the county office is this correct? My note says that country wide is the lender and recon trust is the trustee,...

09/07/2011   |   Category: Real Property » Mortgage Sat...   |   State: Illinois   |   #25476

Do I Have to Report a Cancelled Debt on my Taxes When Someone Dies?

My partner's mother loaned us money to refinance our mortgage several years ago. We hold title as joint tenants. She is now dying, and my partner is her sole beneficiary, so she will inherit the note, along with substantial other assets. If she declares the note 'paid in full', will I owe any tax on my share of the outstanding balance, under the debt forgiveness rules? We a...

09/05/2011   |   Category: Real Property » Mortgage Sat...   |   State: California   |   #25460

Who is Responsible to Pay the Mortgage When Someone is Added to the Deed?

My parents deeded heir home to my brother. My brother obtsined a loan on the home to buy his own home. If my brother adds his two other brother to my parents home via a deed. who has to pay the loan on my brother got on my parents home?

05/13/2011   |   Category: Real Property » Mortgage Sat...   |   State: California   |   #24832

Can I Be Liable for Default on the Mortgage While Transferring the Deed to an Ex Spouse?

I am recently divorced, my ex-wife is keeping the house, and I have already been paid my share of the equity. She is going through the assumption process to take over the loan and needs me to give her a quit claim deed in order for the loan assumption to go through. However, there will be a period of time before I am released of liability from the loan because the bank is in ...

01/28/2011   |   Category: Real Property » Mortgage Sat...   |   State: Colorado   |   #24103

Am I Be Responsible for the Mortgage if I'm No Longer Named on the Deed?

i own property in california with a former partner. i gave her a quit claim deed and have relinquished my claim on the property. she is trying to get a loan modification and even though the lender has the quit claim, they are requiring me to sign the new loan papers. i do not feel like i should be required to sign nor should i have any responsibility for this property since i h...

12/28/2010   |   Category: Real Property » Mortgage Sat...   |   State: Texas   |   #23888

Do I Own My Home if There is a Lien on It?

I recieved a certificate of satisfaction and affidavit from The Clerks office of the Circuit Court of Prince William County Va.Lien satisfied. Now they say it was wrong. Date of satisfaction...1-26-05 . Contested 5-25-10. Do I own my house ?

10/12/2010   |   Category: Real Property » Mortgage Sat...   |   State: Virginia   |   #23377

Can a Second Mortgage Have Priority Over a First Mortgage?

In refinancing a home can a new mortgagor loan more than the present loan to the morrgagee and have a first lien?

07/05/2010   |   Category: Real Property » Mortgage Sat...   |   State: Texas   |   #22582

Can I Leave Property to an Heir if it has a Reverse Mortgage?

I have completed a reverse mortgage on my home. If I die, I want my ex-husband to get the house.

06/14/2010   |   Category: Real Property » Mortgage Sat...   |   State: Georgia   |   #22391

Can a Debtor File a Satisfaction of Mortgage?

I want to cancel and release the mortgage,assignment of rents and other addendums that currently exist on the two properties I still own . The mortgage and addendums were initially secured by another property the loan was for. I later agreed to additional secure the loan when the property almost got foreclosed on and later got foreclosed upon following the mortgage being add...

02/23/2010   |   Category: Real Property » Mortgage Sat...   |   State: Massachusetts   |   #21125

Do Heirs Inherit the Mortgage on My Property?

Hello. I anticipate taking out a mortgage on a property I own wholly, through my mother who named me sole owner in a Life Estate. My mother deceased in 2006. This property is and would continue to be my legal residence. I'm concerned about taking out a fixed-rate mortgage at my age of 67 to gift my only sibling, aged 69, half of the property's value. She is already named in my ...

01/23/2010   |   Category: Real Property » Mortgage Sat...   |   State: New York   |   #20578
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