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Even if your name is not on the loan you have to pay for it if:
You are next of kin (which you are if you are married) or
You are in the Will of the deceased.
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Can you get a home equity loan without your spouses signature?
yes you can
What is responsibility as an heir to deceased's loan?
There is no responsibility. The loan is the responsibility of the estate. They are required to pay off the loans if possible.
Does a spouse have the right to money received from a home equity loan if the loan is in the other spouses name but the deed is in both their names?
Yes they do
Can you get a personal loan attached to a new home loan?
If you have equity, you can get an equity loan
Can a home equity loan be used for a downpayment on another home?
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
Are spouses responsible for a deceased husbands bank loan with several co-signers?
Are spouses responsible for a deceased husbands commercial bank loan with several co-signers?
Can you get a home equity loan without your spouses signature?
yes you can
What is responsibility as an heir to deceased's loan?
There is no responsibility. The loan is the responsibility of the estate. They are required to pay off the loans if possible.
Does a spouse have the right to money received from a home equity loan if the loan is in the other spouses name but the deed is in both their names?
Yes they do
Your recently deceased husband cosigned a home equity loan for your son Are you liable for the loan?
No just return the moneies
What if your dad had a home equity loan are the heirs now responsible to pay that off?
If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?
Is a surviving spouse responsible for the deceased spouses loan in Georgia?
no if they die the money they are owed will be taken out there bank account the remaning will be given out according to there will
Can you get a personal loan attached to a new home loan?
If you have equity, you can get an equity loan
Can a home equity loan be used for a downpayment on another home?
A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. There is no restriction on how we can use the money from Home Equity Loan.
A home equity loan is a lump-sum second mortgage loan made on the available equity in a home?
True, home equity loan.
Can you take a joint home equity loan or line of credit out on a house if your spouse is the sole owner?
Yes - Most banks do not mind having extra people sign up for the responsibility of paying. They just require those that are on title to sign. And some states require that spouses sign off - "dower".
If your deceased father had a home equity loan are the heirs now responsible for paying it off?
The heirs are not legally responsible for paying the loan. However, if they want to keep the property the loan must be paid or the lender will take possession of the property by foreclosure.
