Posted on: 13th Dec, 2010 10:24 am
My husband passed away and I am not on the mortgage. Am I responsible for the mortgage or can I walk away?
Hi Guest!
Welcome to forums!
As your name is not mentioned on the mortgage docs, you're not liable for the mortgage payments. If you do not wish to keep the property, you can walkaway from it. The lender will foreclose the property but won't come after you for the deficient balance resulting from the property sale.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As your name is not mentioned on the mortgage docs, you're not liable for the mortgage payments. If you do not wish to keep the property, you can walkaway from it. The lender will foreclose the property but won't come after you for the deficient balance resulting from the property sale.
Feel free to ask if you've further queries.
Sussane