Posted on: 10th Sep, 2010 07:08 pm
my mother died 5 months ago. She was the only person on her mortgage which is now in arrears. My name is on the deed for her mortgage. What is my responsibility for her home? It has been listed by a realtor 3 months with no buyer. The home is worth less than her mortgage balance.
Hi fmmarx,
If your name is not on the mortgage, then you're not personally liable for paying it. However, if your name is mentioned on the mortgage docs, then the lender can come after you in order to recover his loan.
Thanks
If your name is not on the mortgage, then you're not personally liable for paying it. However, if your name is mentioned on the mortgage docs, then the lender can come after you in order to recover his loan.
Thanks