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Can your sister continue to reside in a home that was bought for her by our deceased father if he willed it to her and he was the only mortgage holder?
Wiki User
∙ 17y ago
Provided the estate is solvent, she should be able to obtain the title to the home, subject to the remaining mortgage. She can remain in the home, but will have to satisfy the finance company's lien on the home through a new mortgage or paying it off. There may be additional clauses in the will directing that the mortgage be paid off by the estate. The executor of the estate, or their legal counsel, will be able to answer these questions.
Wiki User
∙ 17y ago
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Can a daughter continue to make the mortgage payments on a house she lives in but that is in her father's name after the father dies if there are no outstanding estate bills and no other beneficiaries?
Yes you can. Make an appointment with a loans officer at the bank your mortgage is at. They will take you through all the paperwork and answer any questions you may have. You will have to have proof of death (death certificate) and possibly the birth certificate of the deceased. Phone first and see what legal documents they require. Be sure you phone other banks and check out the prime rate of mortgages so you can dicker at the bank for a good mortgage rate. Very sorry to hear about your father passing away. Marcy
Can a father and daughter have a mortgage together?
Yes, they can.
My father is deceased. Can I take over his mortgage and keep it in his name?
Yes. If you are a relative of the deceased and choose to live in the house, you can take over the mortgage in the deceased's name. See: Garn-St. Germain Depository Institutions Act of 1982. You can also take over the mortgage if the property is in a trust, and you are listed as trustee. ************************************************************ No. Once a family member is deceased you cannot take over the mortgage under his/her name. The only way is if you are on the Deed of Trust, Title, or his will. Note: Technically, most mortgage notes and deeds of trust state that the loan may be called due and payable in the event of borrower death. However, first the lender must become aware of the death, and second they must decide to enforce that clause. It is possible to continue paying your father's loan until the lender becomes aware of the death (although from a legal and possibly ethical standpoint you should submit a death certificate to them as soon as you have it). Mortgage documents usually contain a "delay of enforcement" clause that allows the bank to decide not to enforce any adverse action without losing the right to do so later, which includes calling the loan due and payable. There have been instances where a lender was aware of a borrower death yet allowed the estate to continue making payments for a certain period of time (such as 120 days to sell the home) up to and including the remaining life of the loan. Remember that while lenders usually require the loan be refinanced or paid off after a sole borrower dies, their primary interest is the performance of the loan. This is where the gray area lies that allows for some ambiguity and wiggle room.
How do you find out if your deceased father had any stocks or bonds?
There are a few ways to find out of your deceased father had any stocks or bonds. The easiest way is to ask family members like your mom.
Should I notify my father's mortgage holder that he has passed away and the property should now be in my and my sister's name - and if so will they demand that we re-qualify with our credit scores?
I wouldn't. Just make sure the payments continue to be made.
Do I continue to pay the mortgage on my deceased father's house there is a will?
the will states that she does not work has no way to pay he told me if i can make the payment i could have the house
What is a sentence for the word deceased?
My father is deceased.
Can a daughter continue to make the mortgage payments on a house she lives in but that is in her father's name after the father dies if there are no outstanding estate bills and no other beneficiaries?
Yes you can. Make an appointment with a loans officer at the bank your mortgage is at. They will take you through all the paperwork and answer any questions you may have. You will have to have proof of death (death certificate) and possibly the birth certificate of the deceased. Phone first and see what legal documents they require. Be sure you phone other banks and check out the prime rate of mortgages so you can dicker at the bank for a good mortgage rate. Very sorry to hear about your father passing away. Marcy
What should be done regarding a home mortgage that is jointly held by a father and son when the father dies?
There are several issues that you'll need to address: Was there mortgage insurance? If so, contact them to see what the process is to have the insurance pay off the mortgage. How was the title worded? Did the father have a will? Does the son have resources to continue the mortgage payments? You may need to contact a lawyer to find out what to do next, especially since so many of those issues are determined by the laws of the state.
Who can challenge paternity of a deceased father?
The parents of the deceased father (the childs grandparents) can do a paternity test.
Who is the father and mother of Sasuke Uchiha?
Father: Fugaku Uchiha (deceased) Mother: Mikoto Uchiha (deceased)
Is it grammatically correct to say your father is deceased?
Yes. My father is deceased is a polite way to say he is no longer with us.
What does it mean if your father who is deceased approves of new boyfriend?
Assuming the question refers to a dream of the deceased father, it suggests that the dreamer feels confident that her father would approve of this boyfriend if her father were alive.
Am I responsible for my father's mortgage if he is no longer on the deed?
If you father granted a mortgage prior to transferring the property to you then the mortgage must be paid. If you don't pay it then lender will take possession of the property.
Can social security claim money from deceased father after one year?
Yes, social security money can be claimed from a deceased father after one year.
Can you apply for citizenship in Canada where your deceased father was born?
Yes, you can apply for citizenship in Canada if your deceased father was born there. However, it is not a guarantee that you will gain citizenship.
Who Is Barack Obama Sr?
The current president's deceased father and namesake.
