questions & answers
Question: Can a bank foreclose on a house if multiple people are on the deed, but only one person is on the mortgage
Answer: Regardless of how many people are on the deed or on the mortgage, if the mortgage is not being paid in full each month, the bank can foreclose on the house. It is important to contact your lender as soon as you are having a problem; banks usually have a ten day grace period for monthly mortgage payments however some can be more lenient than others. Lenders want to help borrowers keep their homes. Foreclosure is expensive for lenders, mortgage insurers and investors. Foreclosure on an estate can negatively affect everyone’s credit on the deed, not just the one paying the mortgage, so it may be very important to talk to an attorney to find out how the law applies to your specific situation. When searching for mortgage relief, beware of predatory lending schemes as there are many trying to take advantage. Whenever there is an issue regarding title and mortgage issues, or concerns regarding foreclosure, it is highly advised to consult with an attorney directly.
Can a bank foreclose on a house if multiple people are on the deed, but only one person is on the mortgage
- Let us know how we are doing! Please take a couple of minutes to fill out our survey.
- Please select your county of residence below.
State Bar of Arizona
Maricopa County Bar
Referral number 602-257-4434
Pima County Bar
Referral number 520-623-4625
National Domestic Violence Hotline
Bankruptcy Court Self Help Center
Certified Legal Document Preparer Program
Generic versions of the drug Cialis, sold as tadalafil, now available from many manufacturers.