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no, the only one responsible for payment is the name on the note, not the mortgage.

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Q: If husband took a mortgage on his home to buy daughter's home before he re-married will wife be held liable to pay this debt by selling the house in case of his death with or minus a will?
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Related questions

Can you get a mortgage without your lender selling your mortgage?

You have no control over a lender selling your mortgage. However, it is less likely if you do business with a local bank.


IF 2 sisters have a mortgage together and one gets married can the sisters sell the home to sister and husband essentially selling to self?

no because they will do each other


Does bankruptcy force an adjustable mortgage into a fixed mortgage?

No...and in fact it may well resolve the mortgage by selling the property it is secured to to pay the lender.


What tends to result in an increase in the selling price of houses in an area?

An increase in mortgage interest tates.


How profitable is selling mortgage?

When investment companies convert mortgages into securities it causes a big boom in the economy. It is more profitable selling a mortgage when there is a big boom in the economy as the demand of mortgages out weight the supply of them.


Which of the following tends to result in a decrease in the selling price of houses in area?

an increase in mortgage interest rates


What can you expect the down payment on a mortgage to be?

from 10% to 40% of the selling price of the home


Where can one sell mortgage online?

Someone could sell a mortgage on many websites that are dedicated to mortgage selling. Additionally, one could do it through a bank or their own personal business.


When should a purchaser ask for selling financing?

The best time for the purchaser to ask for selling financing is when the home is free and clear of a mortgage meaning that the seller has paid off their mortgage or it will be paid off using the purchaser's deposit.


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from 10% to 40% of the selling price of the home


What can you expect a down payment on a mortgage loan can be?

from 10% to 40% of the selling price of the home


Can a mortgage company sell your loan?

A mortgage company can sell your home for the right price. Often times mortgage companies will offer you an alternative to selling your loan so that you get the best deal available to you. See the related links for mortgage companies in Texas.