Yes if you cannot pay for it
at the most of ten year
If your name is not on the loan, the bank typically cannot take your house solely due to your spouse's passing. However, the situation may depend on how the property is titled and whether there are any outstanding debts or obligations tied to the estate. It’s important to consult with a legal expert to understand your rights and options based on your specific circumstances.
They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.
Take a loan from the bank...........
If you default on the loan, yes.
Buying a house that someone walked away from may seem inviting. Contact the bank that funded the mortgage to see if you can take over the mortgage or see if there is a realtor who can help you.
When foreclosing on a house, the bank first looks at the person's saving and checking account. Then, the bank has the right to seize any properties before foreclosing on the house.
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Yes.
at the most of ten year
No, unless they are taking it from the person you are leasing it from.
If your name is not on the loan, the bank typically cannot take your house solely due to your spouse's passing. However, the situation may depend on how the property is titled and whether there are any outstanding debts or obligations tied to the estate. It’s important to consult with a legal expert to understand your rights and options based on your specific circumstances.
They take the loan to purchace the house.Not many people have $400,000 + in their bank..Thus they borrow it from the bank.
NO. They can't take what you don't have.
If you default on the loan, yes.
Take a loan from the bank...........
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