Posted on: 24th Jul, 2009 08:37 am
my husband and i did a quit claim deed in 2007 so we could get a reversed mortgage. i was 56 at the time and he was 73.
my husbandrecently passed away. now the mortgage company wants the loan paid in full. when we took out the loan i was told that i would have a year to decide what to do with the property if anything should happen to my husband. i cannot afford a mortgage along with taxes and insurance.
the bank mentioned a deed in lieu. can i do a deed in lieu if the deed is not in my name? i am worried that i will not have a place to live. please help!
my husbandrecently passed away. now the mortgage company wants the loan paid in full. when we took out the loan i was told that i would have a year to decide what to do with the property if anything should happen to my husband. i cannot afford a mortgage along with taxes and insurance.
the bank mentioned a deed in lieu. can i do a deed in lieu if the deed is not in my name? i am worried that i will not have a place to live. please help!
you can get ownership rights by submitting death certificate along with affidevit of heirship.
sr citizen above 62 yrs, can apply for reverse mortgage.
sr citizen above 62 yrs, can apply for reverse mortgage.