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liens and levies on house seven people own

Date: Sun, 07/04/2010 - 22:37

Submitted by anonymous
on Sun, 07/04/2010 - 22:37

Posts: 202330 Credits: [Donate]

Total Replies: 2


how do i get the house out of forecloser and put just into my name


You can retitle the house into your name, but the liens and mortgages stay on there until paid off. You can pay them off either with cash or by refinancing. when you refinance, the mortgage company will mandate that they are paid from the proceeds of the new mortgage.

When the house is retitled, all parties currently on title will need to sign that they are relinquishing their ownership in the property. One holdout kills the deal.


lrhall41

Submitted by Debt Free to Be on Mon, 07/05/2010 - 09:26

( Posts: 412 | Credits: )