Money Management

Can surviving joint tenant on coop lease continue to pay mortgage if her name is not on the mortgage agreement?

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Wiki User
November 07, 2008 6:50PM

You need to go and see an attorney (solicitor) about this (in

many cases a mortgage is covered by life insurance that pays it off

- or indeed the property may be an asset in the persons will and

may have to be sold!) You can keep sending in the checks, but when

the lender finds out that the mortagor is diseased, they will call

the note to be repaid in full. Get to an attorney quickly and get

this sorted out.

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