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If your spouse has a good credit record that lender should approve. However, you will need to discuss it with the lender.
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Is surviving spouse responsible for a mortgage that was solely taken out by the deceased spouse?
If the person wishes to keep the residence then he or she will need to reaffirm or assume the loan with the mortgage holder. Real property debts such as homes and vehicles are not treated the same as unsecured debts when it relates to the death of the account/property holder.
Does a live spouse assume dead spouses responsibilities on heirship on deceased spouses parents obligations?
If the spouse passed away after the parents, typically the living spouse will get the rights. If the spouse died first, it could be a different outcome. Part of it may depend on how the parent's will was written. You will need to consult a probate attorney on this one!
Are children of deceased given priority over mother of deceased?
Yes, children have priority over the mother of the deceased. They are the descendants it get priorty second only to a surviving spouse. Even without a will the spouse will come first, then children. Parents are next, then siblings.
In Florida if your parents are refinancing would your spouse need to sign the mortgage?
Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.Not unless your spouse is on the title to the property. If not and your spouse signs, then your spouse will be fully responsible for paying the mortgage.
Is a spouse responsible for a deceased spouse's car lease if it is in his name only?
A spouse is almost never responsible for the expenses of a deceased spouse. However, if the deceased spouse had money and there will be probate, someone may make a claim against the deceased spouse's money in probate court.
Who is your next of kin if you dont have adult children?
Your spouse is your next of kin if you are married. If you have no spouse and no children then your parents and siblings are your next of kin. Which is first depends on the law where you live.It depends on state law; however, generally the deceased person's spouse (through marriage) would be next-of-kin.If the deceased person is not married, it would generally be his/her parents.
If mortgage note is in the name of a deceased spouse but your name is on the deed will your credit be affected if you chose to walk away from the home?
If you are only on the title, then your credit will not be affected.
Can creditors charge late fees on a deceased person's estate when there is no spouse For example late condo association fees late mortgage payments etc.?
Yes.
Who's credit is affected if the deceased person's mortgage is not paid off and the spouse was not a co-borrower?
Only the decedent's credit record will be affected if they were the only person who signed the mortgage. However, if the mortgage isn't paid the lender will take possession of the property by foreclosure.
can the spouse live in the home after the spouse dies under a reverse mortgage?
Yes Watson. But the real question is: can the spouse spouse the home after the reverse mortgage dies live?
In California is the surviving spouse responsible for deceased husbands auto loan?
The estate is responsible for the loan. If the spouse wants to keep the car, they may have to assume the loan, if the bank allows them to. Otherwise the vehicle may have to be sold.
Can the surviving spouse's wages be garnished for the deceased spouses medical bills?
No - the surviving spouse is not liable for the deceased person's bills !
