Ballon Payment? or maybe its paid off?
You do not get full value.
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
Unfortunately, foreclosure happens.
what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland
The mortgage has to be resolved. Either it must be sold and the mortgage paid off, or the person inheriting obtains a replacement mortgage.
A balloon payment may be required when you mortgage matures.
gfhngfjg
they make babys ;)
You do not get full value.
th egg matures
See http://www.fivecentnickel.com/2008/09/22/what-happens-to-your-mortgage-if-your-bank-fails/
Nothing happens to it. It still remains in second place.
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
You will then have one mortgage and not two.
Unfortunately, foreclosure happens.
what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland
The mortgage has to be resolved. Either it must be sold and the mortgage paid off, or the person inheriting obtains a replacement mortgage.