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Who's credit is affected if the deceased person's mortgage is not paid off and the spouse was not a co-borrower?
Wiki User
∙ 13y ago
Only the decedent's credit record will be affected if they were the only person who signed the mortgage. However, if the mortgage isn't paid the lender will take possession of the property by foreclosure.
Wiki User
∙ 13y ago
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If all persons are deceased on a life estate does the remainder man pay the mortgage?
That's how it works!
What can the mortgage company do if the mortgage cannot be paid anymore on a deceased persons home?
I HAVE ALREADY PAID 40,000 INTI THE HOME I CANT PAY ANYMORE THE HOUSE PRICE WAS LOWERD 5X AND IT WAS ON THE MARKET 456 DAYS I MAILED IN THE KEYS TO THE MORTGAGE COMPANY WITH A LETTER
Who gets deceased persons pension?
death
How do you check a deceased persons will?
Wake them up and ask them!
What services are offered by West Mortgage?
The West Mortgage company offers customers mortgage and financial advice. They offer various lending options to persons requiring or renewing a mortgage.
How does a persons height affected by the environment?
there not
Not all persons are directly or indirectly affected by crime?
Whether they realize it or not. ALL persons are affected by crime in one way or another.
Do you have to be alive to take a DNA test?
No, DNA can be taken from deceased persons.
Why aren't deceased persons allowed to marry?
Marriage is a contract. A deceased person does not have the legal capacity to willingly enter into any contracts.
Does people that are deceased get there fingernails done?
yes the funeral home usually does a deceased persons nails,and hair and general grooming to get them ready for their "showing"
When someone dies what happens to the mortgage loan?
It is normal for people with a mortgage loan to have a life insurance to cover the amount of the loan. If this is the case the insurance will pay off the loan and the property will become part of the dead persons estate in its entirety and (after inheritance tax) the heirs will inherit it. If there is no insurance then the outstanding balance of the mortgage becomes a charge on the estate of the deceased and if there is not enough money available to pay this, then the house will have to be sold to realise this money. If after the sale of the house the estate is still short of funds to cover the mortgage (after funeral expenses are met) then the mortgage company will have to take that loss.
If I already spent my inheritance can Florida medicaid still recover the deceased persons medical expenses from me?
It sounds as if you're not legally responsible for the deceased client.
