Refinancing

[vartula]

What is the name of your state?vermont.We are refinancing our house. My husband is the mortgage holder on the previous mortgage.I am not on the mortgage or the deed because I have an outstanding student loan and I do not want a lein put on the home.I have tried to settle this for a long time the student loan creditors will not settle with me.The interest has accumulated And now it is 4x of what I owed. Vermont law recognizes a homestead right in the spouse or civil union partner of the legal owner of real estate which is used as their primary home,even if the spouse or civil union partner is not a co-owner of that home.This homestead interest prevents creditors from attaching the entire homestead property without written consent of both spouses or partners In the new mortgage papers they have a addendum to residential mortgage loan appl.It states the lender requires that both spouses or civil unionpartners sign the mortgage deed or otherwise waive their homestead interest in the property in order to assure that it is fully enforceable.addendum has been prepared in response to act 91 of the 2000leg. session What does this all mean? If I am on the deed can there be a lein attached to the house. I don't want to give up my rights to the property either.That would mean if something happened to my husband his family could have rights .Right?

[pojo2]

Originally Posted by vartula

I don't want to give up my rights to the property either.

Hmmmm.... I wonder what the people who loaned you money to get an education and thus a better job, potentially higher income, think about their rights to be repaid?

Have an Atty look at the entire document and decide what it means in the context of the whole thing.

[vartula]

You're a jerk why are you even on here. People come to get some kind of feed back and the get jerks like you to answer. I think everyone is wasting there time talking to idiots like you. Best advise I can give to all who have come to this forum is there are free consultations out there. With real knowledge. As for the people who are on here and really want to help, I apologize.Circumstances happen . I didn't say I haven't tried to pay the full amount of my loan. It was the intrest I was disagreeing with . Get a life and shut your ignorant mouth.