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Can the bank take my house if my spouse passed away and my name was not on the loan?
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.
What else can I help you with?
Can a bank take your house away?
Yes if you cannot pay for it
How long can you live in the house after the bank takes it away and your not on the loan?
at the most of ten year
Can the spouse of a person who dies finish paying for the property?
If there has been a change in ownership the bank should be notified. They will need to make some changes in the account and will want proof of death and proof that the title to the property passed to the surviving spouse. In this economic climate the bank should be satisfied to allow you to take over the mortgage. You may want to speak with a local attorney who specializes in real estate transactions. She/he may be able to facilitate the negotiation with the bank for you.
Where can I buy I bonds for my spouse?
You can buy I bonds for your spouse online at the official TreasuryDirect website or through your bank or financial institution.
What options are there if spouse refuses to pay one half of mortgage payment?
The options include: stop paying the mortgage and let the bank repossess the house; pay the entire mortgage yourself; divorce the spouse and move out; divorce the spouse and stay, while your spouse moves out; find out why your spouse refuses to pay half of the mortgage and see if some agreement can be reached; seek cheaper housing; go on an extended backpack tour of Europe; enlist in the army. That's about it.
My spouse passed away. Do I need to contact the mortgage holder to remove his name from the mortgage?
No, you dont unless he left the house to someone else. then you pay someone who works for the bank to back date the removal of his name from your new morgage. Good luck
Can a bank take your house away?
Yes if you cannot pay for it
Is anything aquirred after your spouse moves out of the house considered separate property?
That depends on whose money (what bank accounts) are being used. If your using your personal bank account but the bank account still has funds from both parties in it-
If two people own a home and are in the process of divorcing and one files bankruptcy on the house will the soon to be ex-spouse be effected?
You are a joint owner in the house, and presumably on the mortgage as well. The bank can come after you for the liability on the house.
How long can you live in the house after the bank takes it away and your not on the loan?
at the most of ten year
What happens to bank accounts after a spouse dies in Georgia?
Funds are transferred to the surviving spouse
If your spouse dies then receives a credit on a bank debit card can the bank take that credit and apply it to an outstanding loan that was only in your spouse's name?
Yes, if the loan is at the bank where the debit card was issued.
How does a surviving spouse cash a deceased spouse's stock check?
You should speak to a bank representative to determine if the bank will allow the check to be deposited in your joint account.
Is bank account joint if spouse not named on account?
No
Can the spouse of a person who dies finish paying for the property?
If there has been a change in ownership the bank should be notified. They will need to make some changes in the account and will want proof of death and proof that the title to the property passed to the surviving spouse. In this economic climate the bank should be satisfied to allow you to take over the mortgage. You may want to speak with a local attorney who specializes in real estate transactions. She/he may be able to facilitate the negotiation with the bank for you.
When a spouse who is a primary bank account holder dies would the other spouse who is the joint account owner have to closed the account?
When a spouse who is the primary bank account holder dies, the joint account typically remains accessible to the surviving spouse without needing to close it immediately. The surviving spouse can continue to use the account, but it's advisable to inform the bank of the primary account holder's death. Depending on the bank's policies and local laws, the account may eventually need to be updated to reflect the surviving spouse as the sole owner or closed if a new account is opened.
Why do you need a letter of testimentary?
My best friend passed away and has two open bank accounts. How can I close these accounts being his Power of Attorney?
