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You cannot "walk away" if you also signed the note and mortgage. In that case you must pay even if your husband doesn't. If the mortgage isn't paid, the property will be taken by foreclosure and your credit will be ruined. You should consult with an attorney who can review your situation and explain your options.

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Q: Can you walk away from mortgage if husband not paying mortgage and you are separated?
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Related questions

Your husband passed away you have joint mortgage do you still have to pay mortgage?

yes


Which is the act of taking away a mortgage?

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Why would a married couple have both names on the mortgage but only the wife's name on the title?

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Could my home be taken away if i am on mortgage but not house loan and husband dies?

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I am sorry about first answer please forgive me.


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The mortgage insurance you are referring to is most likely the standard mortgage insurance that is on a loan above 80% of the value of the house. This MI covers the lender in case of the borrower defaulting on the loan. It does nothing to help the borrower. If you are on the deed then you still own the house if your husband dies but if you cannot either refinance the mortgage or continue to pay the monthly payments then the lender will ultimately foreclose on the house and repossess it. What you need is a life insurance policy that will pay off the balance on the mortgage in case of the death of the mortgage holder.


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