Best Answer

Look to the instrument that created the interests. If the instrument is silent on this point, in most cases, the decedent's wife is obligated since her name is on the mortgage. Option: If this is not desired, someone else (life estate tenant or remainderman) may refinance and pay off first mortgage.

User Avatar

Wiki User

โˆ™ 2006-03-27 20:19:19
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Does the life estate person or the remainder men in a life estate pay for the mortgage that is on home deed only in person who died name but mtg is in both person who died and his wifes name?
Write your answer...
Related questions

Is it possible to remove your wifes name of a mortgage?

You would need to pay off that mortgage and refinance in your sole name.

The mortgage is in your wifes name can the IRS take it?

What's more important is who the real estate is deeded to. If you are neither on the mortgage nor the deed, then the IRS would have a tough time taking it. An exception to this is if you live in a community property state, in which case you would automatically own half of the house regardless. Also, I am assuming that your wife is not liable for the taxes.

Does husband share his wifes estate with the children?

wife dies, does husband inherit everything or does he share with their children

Have you ever loved another person?

yes i have 3 wifes

How many wifes did Cortes have?

your the fatest person if look this uo

Will you have to pay wifes credit card bill after death?

Only if your were a co-applicant. If not, your wife's estate is responsible for paying the debt. If she has no estate, send the credit card company a copy of the death certificate and let them know that there will be no estate set up.

Are you liable for your wifes medical bills in colorado?

In Colorado, as in all states, the estate is responsible for all the debts of the deceased. That means before the estate can be settled, all medical bills have to be cleared. If there is not enough in the estate to cover them, the husband may not get anything.

Can husband be held liable for wifes debts in state of Arkansas?

In Arkansas the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.

How many wifes did Einstein have?

24 wifes

House in wifes name leaves husband who pays for house?

The answer is who is on the mortgage or deed of trust contract not who has title to the property. All parties on the mortgage are equally obligated for the mortgage payments irrespective whether or not they are in title to the property. A mortgage or deed of trust is a contract and the parties thereto are bound by the terms of the contract.Another PerspectiveIn addition, The lender will foreclose if the mortgage isn't paid. You have not stated who signed the mortgage and that is important to your question. If the husband is paying the mortgage and is not on the title he is paying for property he doesn't own. If he signed the mortgage then his credit record is at risk if the mortgage isn't paid. This matter will need to be addressed at some point by a court, perhaps divorce court, since the owner has abandoned the premises. You need to consult with an attorney.

How many wifes did Frankie lymon have?

3 wifes

How many wifes did Blackbeard have?

blackbeard had 14 wifes

How many wifes Henry 8th have?

He had 6 wifes :)

Where can you have 2 wifes?

You cannot be married to more than one person in the United States.

Who many wifes did King Tutankhamun have?

he had more then 20 wifes

Did shoshone have one wife or many wifes?

14 wifes

IS Bertrand Baudelaire a real person?

yes he is he is david handlers x wifes husband but he is dead right now.

How many wifes did Bob Marley have?

bob marley had 5 wifes

What is Eric dovers wifes name?

what is eric dovers wifes name?

What initiated the wifes exile in the wifes lament?

a plot by her husbands kinsmen.

How many wifes did William Dawes have?

William Dawes had two wifes.

My father passed away in 2003 in North Hempstead New York and left behind his wife and 3 daughters all who are not the wifes children how do I find out if there is a will?

Can answer as to NJ specifically, but typically, assets belonging to any person, including a missing beneficiary, escheat to the estate after a period of time, typically seven years.

What was Alexander Hamiltons wifes name?

His wifes name was Elizabeth Schuyler Hamilton.

Is wifes a plural?

Wifes is not a plural. The correct plural form of wife is wives.

Why did sitting bull have so many wifes?

it is the Indian way to have many wifes