Legal Question in Real Estate Law in New Jersey
nj property title
does the name on the property deed need to match the name on the mortgage?
2 Answers from Attorneys
Re: nj property title
Yes. Lender requires the signatures of all the people on the Deed title in order to get a good mortgage.
However, not all named owners on the Deed need to sign the Mortgage NOTE, which is the obligation to pay, if the loan was made based on the credit of fewer than all owners.
Re: nj property title
yes.
Your question is pretty clearly part of some larger issue, and it is very VERY likely that you need accurate legal advice before taking any step such as signing and filing any type of document.
Whether this is related to a divorce, or the estate of a relative, or a business partnership which is breaking up, you need some legal advice. It may not be terribly complicated, and should not cost all that much money.
If you do not take my advice, then please do keep my telephone number handy. If it becomes a problem, then instead of spending a couple of hundred dollars on a lawyer ahead of time, you will be paying me (or someone like me) thousands and thousands of dollars to clean up the mess which has been created.
I have been doing this kind of work for quite a while. Please do not let this kind of disaster happen to you. Please do go see a lawyer FIRST.
If you would like, give me a call; I am in Hackensack (northern New Jersey). I will be happy to discuss
this with you; a brief telephone consultation will be free.
My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.
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