Legal Question in Real Estate Law in Maine

morgaging home

husband ang I own land and buildings. We have been separated ten years. I live in house and pay all bills. My name is on the deed. He wants to borrow a loan and mortgage the house which is all paid for. Can he do that without me agreeing and signing papers?


Asked on 5/28/08, 12:58 pm

1 Answer from Attorneys
Jerome Gamache Ainsworth Thelin & Raftice, P.A.

Re: morgaging home

If you are on the deed to the property, then the bank/mortgage company will not allow the loan to close without obtaining from you consent and signing the mortgage, otherwise the mortgage could not foreclose your interest.

Read more
Answered on 5/28/08, 1:36 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Maine