Posted on: 27th Feb, 2009 04:11 pm
My mom in law signed on a mortgage with my husband and has passed away. If she has no accts or money left but $20,000 in debt should I continue to pay her debt to keep credit card co. from forcing us to sell house. Can they even do that? I signed an addendum to mortgage also making me responsible when we signed mortgage too. We are able to keep up mortgage payments but 500 every month to credit card could be hard. What should I do? Also do I need to do anything else besides cancelling her SS check as far as legally? She lived with us and had no other money or debt besides the 20,000.
some of those questions are well outside the scope of mortgage knowledge.
if you have the ability to pay the bills then you should most definatley keep doing it. perhaps a refinance to try to lower your overall monthly debts would be helpful?
if you have the ability to pay the bills then you should most definatley keep doing it. perhaps a refinance to try to lower your overall monthly debts would be helpful?
Hi Guest,
I don't think a credit card company can force you sell your property in order to pay your mother's debt. However, they may place a lien on it. I would suggest you to try and negotiate with them and resolve the issue. I don't think you need to do anything else apart from canceling her SS check.
Thanks
I don't think a credit card company can force you sell your property in order to pay your mother's debt. However, they may place a lien on it. I would suggest you to try and negotiate with them and resolve the issue. I don't think you need to do anything else apart from canceling her SS check.
Thanks
