2007-03-18 13:02:35 · 7 answers · asked by monseedin10 1 in Business & Finance ➔ Renting & Real Estate
It doesn't really matter what the name on the loan is, what matters is whos name is on title. If you're not, then you have no right. If it's completely in your name, then you have all the rights. If you're both on it, then you both have rights to it.
2007-03-18 13:08:23 · answer #1 · answered by SndChaser 5 · 1⤊ 0⤋
You have to be on title for the properties. If you're on the mortgage, you are only responsible for the mortgage. The mortgage company will normally add the mortgagee to the title at closing and assign a "due on sale" clause which means that if anyone transfers, the mortgage becomes due. However, they don't always catch it.
Bottom line, you must be on title and named as part or 100% owner to have rights to the property
2007-03-18 13:09:31 · answer #2 · answered by Tadow 4 · 0⤊ 0⤋
The person in whose name the mortgage is holds all the cards regarding that property. The other people may pay the mortgage or contribute to it, but in the eyes of the law, they are considered to be "tenants." Only the person or people whose name(s) is on the mortgage is considered the property's owner.
2007-03-18 13:08:09 · answer #3 · answered by Emily Dew 7 · 0⤊ 1⤋
It depends on who is on the official title for the property. If your name is on the title then you do have rights. But if there are multiple names on there you need everyone to agree to what it is you want to do or they can intervene.
2007-03-18 13:10:26 · answer #4 · answered by grimtooth118 1 · 0⤊ 0⤋
If you're name is on the title you can do whatever you want
2007-03-18 13:43:57 · answer #5 · answered by walding714 2 · 0⤊ 0⤋
Whose name is on the title (deed)? They are the owners.
2007-03-18 13:07:44 · answer #6 · answered by rogeliogreen 2 · 1⤊ 0⤋
The person who's name is on the deeds.If its your name then yes legally they belong to you.
2007-03-22 05:13:15 · answer #7 · answered by Ollie 7 · 0⤊ 0⤋