If you enjoy a mortgage who really owns your house ~ you or the guard?
I don't think you own the house until your financial obligation have been met and you have the 'mortgage burning' bash.
My neighbor said you own the house, the bank owns the mortgage.
.
You are the owner. You pay the property tax and insurance bill. The ridge is your lender with the house used as collaterial on the loan
I would touch more like I owned it if I had the work. Although, as long as you're making the payments there is no landlord to net you move!
"> Your neighbor is correct.
The bank cannot live contained by your house or have any rights to use it.
They do have a trust action on it, however and they sell the house to satisfy it. Source(s): RE broker
You own it. The bank have a lien on it.
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My neighbor said you own the house, the bank owns the mortgage.
.
You are the owner. You pay the property tax and insurance bill. The ridge is your lender with the house used as collaterial on the loan
I would touch more like I owned it if I had the work. Although, as long as you're making the payments there is no landlord to net you move!
"> Your neighbor is correct.
The bank cannot live contained by your house or have any rights to use it.
They do have a trust action on it, however and they sell the house to satisfy it. Source(s): RE broker
You own it. The bank have a lien on it.
Related Questions: