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To: TriGirl
Does the mortgage company own my stove??

The answer to your question is NO. I believe that whatever you pay out of your own pocket, as opposed to what was there when your loan was made, would make the difference.

65 posted on 02/04/2009 9:27:37 AM PST by Hildy
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To: Hildy

No, in a typical mortgage, anything that becomes a “fixture” or “improvement” even if added by the owner post-mortgage is swept-up in the lien.

To give a more obvious example than an appliance, we put in granite countertops post-purchase. This would be covered by the mortgage.

It only becomes an issue when you use new money from a lender to do improvements, in which case that new lender often has “priority” over the old lender (i.e., gets paid before the old lender).

The definition of what is a “fixture” or “improvement” varies from state-to-state.

In some cases, it does include removable items like refridgerators, washers, and dryers.

In others, pretty much anything that can be unbolted or unwired or unplumbed are not fixtures.


77 posted on 02/04/2009 9:43:17 AM PST by MeanWestTexan (Beware Obama's Reichstag fire.)
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