is it really legal in La. for the mortage company to allow him to borrow money against our property w/o my signature also?i would not have borrowed against our home again,but apparently,the mortage company didn't need my signature.is this really legal?
2006-06-06 03:40:12 · 3 answers · asked by myview 1 in Business & Finance ➔ Other - Business & Finance
If it's a brand new second mortgage, it's difficult to imagine the finance company wouldn't require your signature. If it's an existing line of credit through a current lender, I can see that will be possible. Why don't you examine the loan paper and find out.
2006-06-06 03:46:36 · answer #1 · answered by spot 5 · 0⤊ 0⤋
He can borrow his share of the ownership of the home's value.
You might want to check with a local mortgage company about it. It could be that he has forged your signature to borrow an entire amount.
Thats disturbing. Maybe you should first find out why he's doing it behind your back. If its something that is unlike him, he might have a second home for you two, or retirement investment that you dont know about.
You best bet it to look into it through a mortgage broker, and then confront your husband about his doings.
2006-06-06 03:44:08 · answer #2 · answered by amosunknown 7 · 0⤊ 0⤋
If he wrote her a examine he probably isn't hiding an affair! Why could she misinform you? He seems to be like hiding the money situation. in case you had one bank account which you shared as a married couple you may no longer have hidden funds matters?
2016-12-08 07:09:13 · answer #3 · answered by ? 4 · 0⤊ 0⤋