You need to discuss this matter with your lender.
You need to discuss this matter with your lender.
You need to discuss this matter with your lender.
You need to discuss this matter with your lender.
A moral code?
line means a generity of an organism which transfered from parent to offsring.
The bank will take possession of the property by foreclosure. If the mortgage is in the deceased parent's name it will not affect anyone's credit.
Absolutely. The account will have been opened by one of the parents - therefore legally speaking the account is the parents property, with the child as beneficiary. If the parent falls behind with the mortgage, the lender can seize anyassets deemed to be owned by the parent !
Unless there was some sort of mortgage insurance, the estate is responsible for paying the mortgage. If the mortgage isn't paid the lender will take possession by foreclosure. If the heirs want to keep the property they must keep paying the mortgage.
The bank expects the estate to keep the mortgage current. They may allow the mortgage to be assumed if the credit rating of the individuals is acceptable.
Not sure, but he was on the board of directors of ACC Capital Holdings, the parent company of Ameriquest and Argent Mortgage.
Minneapolis, Minnesota
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Yes.
Citimortgage is the parent company of First Nationwide
You need to consult with an attorney who specializes in probate. Your parent's estate must be probated in order for title to pass to you legally. Until the estate is probated you are not the legal owner of the property. You should also review the provisions of the mortgage since there may be a provision that the mortgage can be assumed by heirs.