what happens if your husband dies and i am on deed,but not on loan.am i responsible for the loan and do i keep the house/
Do the home becomes mind? Or what do I do
money will go to the person buying the home
Yes Watson. But the real question is: can the spouse spouse the home after the reverse mortgage dies live?
Someone might be looking for a reverse mortgage because the loan doesn't usually need to be paid back until the borrower dies or moves out of their home.
NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.
PMI has absolutely nothing to do with the death of a home owner. There is no benefit to the PMI in this situation. A Mortgage Life Insurance policy would be of great benefit as it would pay off the mortgage on the house at the death of the homeowner.
If a person dies and their home is not paid for, often times the family would be responsible for the bill. In some cases, the loan may actually be forgiven.
It goes into the deceased's estate.
the house is paid off and given to the beneficiary
Homeowners Insurance is what you need to cover a home.
Medicaid will file a lien on the person's home, which is enforceable when the home is sold. They will also file an estate claim.
Call a local funeral home and ask for their advice, since it varies from place to place.
it dies it dies...
Nobody goes home... but something worse happens! Sarah dies, that's why they say someones leaving the house "forever"
he is wrapped in bear skin and his boiled
It slowly turns to soil and helps to grow the plants around it's past home.
In Washington state, if a home owner dies and leaves his/her mobile home to another and the heir is denied occupancy of the mobile home park, the mobile home will have to be moved. Other options would be to sell the mobile home to persons approved by the park, or to rent to approved persons.
they should be immediatley sent home.