In some cases the loan customers would have some type of insurance that would protect the deceased persons family in case of his unexpected demise. If so the insurance proceeds would be used to pay off the mortgage and the family members would retain the house. If that is not the case then, the bank can ask the survivors of the deceased to pay off the loan. Which if they fail, the bank can take posession of the home, sell it and recover its loan amount.
There are a number of factors involved. Typically the estate is responsible for paying the debts, including the funeral and medical bills of the deceased. If the daughter is a minor, or still listed on the parent's medical insurance, the parents can be held responsible. parents co-signed any paperwork regarding medical procedures, they may be held liable.
funeral expenses,, medical expenses and all other outstanding expenses which were not paid when the deceased person was still alive.
Nothing happens. You still get the money in your account. They just want the house, not your money.
You still own it.
You still owe money.
Yes, just one with deceased parents.
They are both deceased.
My parents are deceased and have a stock cert since 1986. Is it still valid?
Generally speaking, if you have not been emancipated, then your parents can still be held responsible.
As of my last update, Gary Paulsen's parents are deceased. His father passed away in World War II, and his mother passed away when he was a child.
Jackie's parents are both deceased. All other family, including Jackie, are alive and well.
Here are some sentences.He is deceased but his sister is still alive.Is that actor alive or deceased?
Wakes with the deceased present do still happen in Ireland, but not with all funerals.
The person who was "cosigned for" is still liable and the collateral is still collateral, it's just owned by the estate now. Same laws still apply
No, technically they aren't your in-laws becauase stated in your vows, it says until death do you part. Sadly, you have parted.
An Archbishop is basically an elevated Bishop. So, a Bishop will usually take the place of the deceased Archbishop. The church can still function, so nothing really "happens" to the church itself.
Yes, if your mother miscarries before getting pregnant with you the baby still counts as your deceased older sister or brother.