Sentences with phrase «mortgage in joint names»

However, this does not necessarily mean that the spouse moving out of the marital home will be free from any financial obligation towards the marital home, especially if there is a mortgage in joint names and / or other expenses for the marital home.

Not exact matches

While having two or more borrowers improves the approval odds, situations can arise in which one person wants her name removed from a joint mortgage.

You should both have credit cards in your own names (or be true joint owners of the accounts, not just authorized users, where that is possible), and both be on the mortgage / etc.

form of joint ownership of an asset in which ownership can be unequal and one owner's interest can be sold, mortgaged, or willed without the consent of the remaining owner (s); there is no ability to name a beneficiary, so interest in these assets will always fall under the deceased owner's will

Splitting a joint life policy in to two single life policies in the event of divorce, dissolution of a civil partnership, or taking out a mortgage in the name of one person on the policy

If your mortgage was in joint names, you need to check what the other borrower has done.

(We have no joint accounts, only things like the mortgage are in both our names.)

For married couples, it is often financially practical and convenient to assume debt in their joint names to finance mortgages, luxuries and comforts.

l In 1996, the defendant bought a house (the second property) in his sole name funded by his half share in a joint life policy surrendered by the parties and a mortgagIn 1996, the defendant bought a house (the second property) in his sole name funded by his half share in a joint life policy surrendered by the parties and a mortgagin his sole name funded by his half share in a joint life policy surrendered by the parties and a mortgagin a joint life policy surrendered by the parties and a mortgage.

In 1985 they bought a house in joint names for # 30,000, with # 6,000 funded by the claimant and an interest - only mortgage supported by an endowment policIn 1985 they bought a house in joint names for # 30,000, with # 6,000 funded by the claimant and an interest - only mortgage supported by an endowment policin joint names for # 30,000, with # 6,000 funded by the claimant and an interest - only mortgage supported by an endowment policy.

They may be happy to buy in joint names and to have equal shares, but what happens if one has provided all of the deposit or will be paying a bigger share of the mortgage?

Issues can occur when debts — such as an overdraft on a joint bank account, bank loan or mortgage — have been accrued in both your names.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained