Posted on: 09th Sep, 2009 03:30 am
my husband died a few months ago....his name only was on the note , mine was on the mortgage...I am I still liable for the payments..there is no estate...everything came to me after his death...
sorry, edboy, but i didn't see a question there. can you elaborate a little bit more to describe what it is you're seeking here?
Hi,
George, I think she wants to know whether she is liable to make the mortgage payments. Am I right, edboy?
Well, if this is what your question is, then I'd say you're not legally responsible for the mortgage payments. You're not responsible for the loan as you didn't sign the mortgage note. But you need to continue making the payments because, if the payments are stopped, the lender will foreclose on the property. The lender will not come after you as you didn't co-sign on the loan, but they will definitely come after the house in case of a default.
George, I think she wants to know whether she is liable to make the mortgage payments. Am I right, edboy?
Well, if this is what your question is, then I'd say you're not legally responsible for the mortgage payments. You're not responsible for the loan as you didn't sign the mortgage note. But you need to continue making the payments because, if the payments are stopped, the lender will foreclose on the property. The lender will not come after you as you didn't co-sign on the loan, but they will definitely come after the house in case of a default.
i guess i got caught up in the "i am i still" language. thanks, savior.
your answer is right on - payment must be made on that mortgage or else the lender will be quite upset and could bring action.
i don't think there's much distinction between "coming after you" or "coming after the house." in either case, the lender wants the mortgage paid.
your answer is right on - payment must be made on that mortgage or else the lender will be quite upset and could bring action.
i don't think there's much distinction between "coming after you" or "coming after the house." in either case, the lender wants the mortgage paid.
You are not liable for mortgage legally.
just keep in mind edboy that if you feel no legal responsibility for making payment and you act accordingly, you will absolutely be in jeopardy of losing the home. go ahead and heed the advice you've been given, but please be aware of the jeopardy you place yourself in should you do so.