Posted on: 28th Jan, 2011 08:34 am
My mother transferred my home to me and my husband and my sister by a joint tenancy deed. She then went out and got a refinanced mortgage which she signed as sole owner of the property. Two years after that she died. Am I responsible to pay on this mortgage?
Karen, if you didn't sign a mortgage note, then you're not responsible for payments. If you're an owner of real estate and payments don't get made, then you could suffer from a foreclosure. Whether you actually make payments to stave off that kind of action is completely up to you.