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Sister and you own a house joint tenantship If she dies is the house paid off?
Wiki User
∙ 16y ago
No, the joint tenancy only refers to the deed. You would have to rearrange the loan, perhaps by refinancing it. This is something you both should discuss. One possibility is for you each to buy term insurance in the amount of the outstanding mortgage so that the Survivor could pay it off.
Wiki User
∙ 16y ago
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Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
What happens if you have a joint account and one of the parties dies?
Full ownership of a joint account passes to the surviving joint owner unless the joint account was set up for purposes of convenience only and the account is otherwise devised in a will.
If one spouse makes a personal guarantee can creditors seize or force the sale of real estate or investment assets that are held as Joint Tenants With Rights of Survivorship?
Joint tenants own 100% of the total each. If one puts a lean on their part then its only on 50%. If that person dies the other owns the whole 100 % without question. You cannot desolve a joint tenacy unless you sell your half or joint tenent dies. If the leans of the other joint partner is against a joint property and he dies then his half automatically goes to his joint partner and the person putting debt on his 50% is redundant because it is someone else's 100% after death. This person might have to sue the other person for his lean on the joint ownership but he might not win.
If your husband has a reverse mortgage and you are not 62 what happens to you with the house if he dies?
The answer is when he dies the reverse mortgage company will settle up the loan, so you will have to either sell the house or refinance with a new mortgage.
Who pays loan on joint account when only one signed for the loan then dies?
I'm not sure if I get the question. Are you talking about having a cosigner orlike in a PLUS loan? If a borrower dies, the loan can be discharged.
What happens if your mother dies and your sister is living in the house does your sister get the house?
no because the OLDEST is gonna be out of the house before the YOUNGEST.
Mom and you are on deed to home can your sister take house after mom dies?
No, the sister has no rights to the house - or its contents - after your mom dies. If there is any question, a good thing to do is to immediately change the locks when your mother passes.
Can you keep a house if one owner dies but the other is living?
look up joint tenants and tenants in common.Depends on how it was deeded
If a house and car are titled in both names and one spouse dies what does other spouse do to get car and house in her name?
If the real property is titled as joint tenants with the right of survivorship and one owner dies, their interest automatically passes to the survivor. All you need to do is to record a death certificate in the land records to show the other joint tenant is deceased. As for the car, you should call the Department of Motor Vehicles in your state to determine what their policy is when a joint owner dies.
How does Abraham Lincoln sister dies?
Abraham's sister dies by giving birth to her child.
What happens when brother and sister buy a house and brother dies without leaving a will or survivorship deed Does his son have any claim to house or does sister own all This is in Ohio?
The way the property is titled determines who takes ownership. If the property is titled as Joint Tenants or Joint Tenants With Right of Survivorship, the surviving person(s) named on the deed receive the entire property and it is not subject to probate distribution. If the property is titled as Tenants-In-Common, it is subject to probate distribution as required under the laws of the state in which the property is located.
In Pennsylvania if a house is deeded to both divorced parents and one dies without a will and two children are involved and only one is legal age what happens to the house?
Since the parents are divorced, the house is owned as Joint Tenants (not Tenants in the Entirity), so as Joint Tenants, the surviving parent would own half the house with the two children owning the other half. If the house is owned as Tenants in Common, which isn't as likely, then when one person dies, the other person gets the entire house.
MY FATHER DIED 2001 AND LEFT ME AND MY SISTER HIS ESTATE WHICH WAS ONLY HIS HOUSE MY SISTER DIES LEAVING NO WILL SHE HAS 1 SON WHO DOES THE HOUSE BELONG TO?
You will need to contact an attorney in your area who specialised in probate law. They will be able to assist you in determining who the property belongs to.
Your gran has died and your dad has inherited the house but the house is still in gran's name if dad now dies will the house automatically go to your mom?
NO IT DEPENDS THE CHOICE THEY MAKE MY PARENTS DIED I NEVER GOT THE HOUSE MY SISTER DID
Joint tenants in common protects assets?
nothing in joint tenanties can be giving away. example : Jill lives with her spose jack in a joint tenenticies , there names are both on the deed for their house. when Jill dies , she cannot leave her half of the house to her son billy. it will automatically go to jack. when two people own a house together.. they both own the whole house together. you cannot give parts of the house after you die. because the other owner owns the whole house ,as do u b4 u die,. nothing in joint tenanties can be giving away. example : Jill lives with her spose jack in a joint tenenticies , there names are both on the deed for their house. when Jill dies , she cannot leave her half of the house to her son billy. it will automatically go to jack. when two people own a house together.. they both own the whole house together. you cannot give parts of the house after you die. because the other owner owns the whole house ,as do u b4 u die,.
Is it an inheritance when one of three owners of a house in a Survivorship Agreement dies?
Answer: If the survivorship was set forth in the deed, a joint tenancy, the passing of title to the other joint owners is not an inheritance. In Massachusetts is would be a non-probate asset.
What is your sister-in-law called after your brother dies?
After your brother dies, his wife is still your sister-in-law. If she remarries, you or she may find it convenient to think of her as your former sister-in-law.
