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If a same-sex couple lives together but the home and mortgage are in the name of only one of the partners what happens to the house and mortgage if that partner dies?
Wiki User
∙ 18y ago
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the Survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
Generally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoGenerally, the mortgage should have been executed by both owners. The property would remain subject to the mortgage and the survivor would need to continue making the payments. Owners in a situation where two salaries are needed to make mortgage payments should consider life insurance to cover the amount of the mortgage.
Wiki User
∙ 7y agoIf that partner-owner in the question dies, the property will pass under the provisions in their will subject to the mortgage. If they have no will the property will pass to their heirs at law under the state laws of intestacy. An unmarried partner regardless of sex is not a legal heir.
This is an extremely complicated issue. Unmarried couples must do appropriate estate planning with the help of an attorney who specializes in estate planning. Unmarried partners have no protection under inheritance laws.
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You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?
You own the land subject to the mortgage.
Is partners a noun?
Yes. A noun is a person, place, thing or idea. A partner is a thing. And person. The word 'partner' can also be used as a verb; the action of being someone's partner, or to make two people/things partners. For example: 'The student decided to partner with his best friend.' 'The teacher decided to partner two students whom she believed would work well together on the project.'
Why are penguins known to be loyal to their partner?
they only stay together for one mating season but after that, they switch partners
If you are moving into your partner's house how do you put your name on the mortgage?
Unless your partner adds your name to the title and then refinances, there is no way for you to get on the mortgage.
What do police call their partners?
partner
Can an llc be a partner in a partnership?
Yes, an LLC can be a partner is a partnership and they often are. In this case, all partners in the general partnership are general partners.
Is partner a verb or a noun?
The word 'partner' is both a verb (partner, partners, partnering, partnered) and a noun (partner, partners); for example: Verb: Our plan is to partner with other neighbors to form a neighborhood watch. Noun: He was made a partner in the law firm.
What does chocolate kiss saidsarcasticallymean?
Two partners spread their butt cheeks, and touch buttholes together. A french chocolate kiss is where one partner poops in the other partners butthole. Source : www.urbandictionary.com
What is the difference between domestic partner and significant other?
Domestic partners live together [ share a domocile ] . Significant others can live apart.
How do you abbreviate the word partner?
Partners
What is the plural word for partners?
Partners is the plural form of partner, and they make up a partnership.
When was The Partners created?
The Partners was created on 1971-09-18.
