Can a person by on a Mortgage Loan and NOT on a Title?

In every scenario, co sign, non owner occupied, etc.. You can be on the title, but not the loan, however if you are on the loan, you will be on title.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Sorry Chris but no, you can't be on the loan and not on title but you can be on title and not the loan. I'm doing a refinance for a client in Greenville right now, is there a loan scenario that you need help with? If so, please feel free to give a me a call at (803) 381-5149 Travis Torcoletti. Thanks.

NO... But you can easily take someone OFF title after the fact.

At the time of the loan, if you are on the loan, you will be on the title. After the fact, you can be removed from title.

Yes. But why in the world would you want to be liable for something you don't own? It usually works like this. When the loan is made (to John and Sue) the lender requires that the title also reflect John and Sue. NOTE: The Lender ALWAYS requires everyone on the note to be on title and everyone on title to be on note. Two years later Sue moves out and files for divorce. She says she doesn't want anything to do with the house. The divorce decree awards the home and liability for the loan to John. Sue signs a Quit Claim Deed giving her interest in the house to John. This action removes Sue as an owner of the house, but she is still on the loan. Another year goes by and John stops making payments on the house and ignores calls from the lender. The lender calls Sue because she is still on the loan. Sue now has two options. She can make the payments to preserve her credit, or let the lender foreclose and ruin her credit. She decides she wants to preserver her credit and makes the payments. She then tries to have John evicted from the home because he isn't paying and the courts allow John to stay because only HE owns the house. Bottom Line is Sue is stuck in a bad place because she allowed her name to be removed from title without having the loan she is liable for paid off or refinanced. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

No. A person can be on title and not on the loan, but not the other way around.

No, when someone is on the loan, you are on title....you can be on title and not the Loan. You can also remove someone from the title after the fact with a quit claim.