Posted on: 19th Dec, 2010 02:02 pm
dad passed away mom paying mortgage not in her name can't afford wants to keep house i need help
Welcome lawandamcnair,
If the mortgage is in your father's name, then your mother is not personally liable for paying the mortgage dues. If you and your mother cannot afford the mortgage, then you can walkaway from the property and the lender can foreclose. However, as you want to save the property, then you and your mother will have to refinance or assume the mortgage and pay off the dues accordingly.
If the mortgage is in your father's name, then your mother is not personally liable for paying the mortgage dues. If you and your mother cannot afford the mortgage, then you can walkaway from the property and the lender can foreclose. However, as you want to save the property, then you and your mother will have to refinance or assume the mortgage and pay off the dues accordingly.