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Your husband and you divorced and then he died are you responsible for his 5 bank loans your name was on the home only?
Wiki User
∙ 14y ago
yes
Wiki User
∙ 14y ago
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Who is responsible for the bank loans after the death of ones husband?
Normally a surviving wife will inherit both the assets and liabilities of her husband, including bank loans. Marriage is an economic partnership.
Who is responsible for a deceased parent's bank loans?
The parent's estate is responsible for the loans. If there are no cash assets to pay the loans the lenders will take the property such as real estate or a vehicle.
Your husband passed away leaving an estate He had 3 bank loans 2 unsecured your name is not on any loan docs Are you responsible for paying them back?
Well, the estate is responsible for paying them back, so the money will come out of the estate, which will mean that you will inherit less money from it. So in a way, you will be paying back the loans. That or the bank will put a lien on the property to secure their debts.
What is the scandal do hina rabbani's husband?
Hina Husband has got 7 Crore Rs loans from Bank and now with the strong influence of his wife . he is not willing to return amount.
What if both husband an wife are on the title but not the mortgage and they get divorced?
The person who is on the mortgage is legally responsible for paying the debt. If the debt is not paid the bank will take possession of the property. The division of the property will be addressed through negotiation by the attorneys representing the parties or by a judicial order.
What kind loans does Bank of America offer?
Bank of America gives many types of loans. They give home loans, auto loans, school loans, and refinance loans. These loans are offered online at the official Bank of America website.
What kind of loans do Huntington Bank offer?
Huntington Bank usually offers a variety of loans. Some types of loans offered by Huntington Bank include Home Equity Loans, Personal Loans and Business Loans.
What types of loans does Commercial Mortgage Bank offer?
Commercial Mortgage bank offers a variety of loans through their bank that includes home loans, student loans as well as business loans to their customers.
What types of loans are offered by Lloyds Bank?
The Lloyds Bank offers many different kinds of loans. The Lloyds Bank, located in the UK, offers personal loans, car loans, home improvement loans, and graduate loans.
What sorts of loans does Centier bank offer?
The Centier Bank is a very reputable financial institution. The Centier Bank offers a wide variety of loans, including Home Loans, Car Loans, and FHA Loans.
Are bank loans financial assets?
Bank loans are financial assets for the banks and financial liabilities for recipients of the loans.
Your deceased husband co sign for a house note for his son but you did not sign his son is letting it go back to the bank will be responsible?
You can be sued from the bank or creditor
