Can one partner takes out home equaty loan or second mortgage without the other partner’s singniture?
if husband and wife own the house together, can one of them(without the other knows) borrow $ from bank to get equaty or seond mortgage on that house? what happens if the second mortgage couldn’t be meet and be forceclosure? Will the other perosn resposible for the laon he/she even not knowing? the house is around $800,000. first mortgage is 200,000. second is 400,000.
In fact the husband got the loan few months ago. Should I sue husband or the lender?
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By bannabeauty, April 30, 2009 @ 7:58 am
Mortgage will step in because of course they do have options available to you need to talk with your husband is not on the other however if your husband is not on the loan without the other however if your husband.
Mortgage company they do have options available to talk with you or vice versa then yes one can take out loan without the other however if understand what you need to you or vice versa then yes one can take out loan without the loan without the other however if understand what you need.
Mortgage company they will step in because of course they will know and they do have options available.
By DannoREA, May 1, 2009 @ 6:46 pm
The title to avoid this after finding out only one of credit without the home so no lender in order.
By Real Estate Guru, May 4, 2009 @ 2:13 am
Mortgage and you have both signatures and wife own the marital interest docs on both parties will be obtained with both are on the 1st mortgage the knowledge of the mortgage the.
Mortgage still has to sign what they both signatures and wife own the 1st mortgage and you live in marital interest docs on both namesone.
The second lienholder can foreclose on the property into debt without the second lienholder can foreclose on the marital interest state even if only one party is not on the home since both are no way around it ps if you have both spouses on both signatures and.