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1 posted on 07/31/2006 4:51:56 AM PDT by hsmomx3
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To: hsmomx3

Is her husband's name on the mortgage, just not the deed?


2 posted on 07/31/2006 4:54:43 AM PDT by Always Right
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To: hsmomx3

Her husband and mother took out the mortgage and are on the hook for paying it.

It's immaterial whose name is on the deed.


5 posted on 07/31/2006 4:58:50 AM PDT by Matchett-PI ( "History does not long entrust the care of freedom to the weak or the timid." -- Dwight Eisenhower)
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To: hsmomx3

There are so many different types of loans these days, nothing is immpossible. In Kansas, if you are married you can still buy a house on your own, but because you are married, even if your spouse's name is not on the note or the deed, it is still a requirement for that person to be at closing and sign the mortgage and the spouse is owner as well. Hence one can buy, but it takes two to sell.

If a person has excellent credit, they can get a "stated income" loan, or a "no documents" loan. There are also 40 year mortgages and interest only loans. There are as many different species of loans as there are colors in the rainbow


11 posted on 07/31/2006 5:30:30 AM PDT by SaintDismas
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To: RockinRight

Ping!


14 posted on 07/31/2006 7:42:18 AM PDT by Millee (A joke then, a joke N.O.W.)
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