What Happens If Not Everyone Can Sign for a New Mortgage? | NC

About this video

Q: What happens if a property loan has multiple people on it and not everyone can sign for a new mortgage? A: Usually, a new mortgage cannot close unless everyone whose ownership interest or loan obligation affects the property signs the new loan documents. If one or more people cannot or will not sign, a standard refinance may not be available. But that does not always mean the foreclosure…