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13y ago

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What happens to a home if you are not on the loan but on the title-deed and the person on the loan dies?

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What happens if you cosign a loan and the other person dies?

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If a seller dies, a loan might still be owed by the family of the person that died. In some cases, the loan would be forgiven if the seller died or passed away.


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If you cosign a loan and the other person dies, you may become responsible for repaying the loan in full. It is important to carefully consider the risks before agreeing to cosign a loan.


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The other signer is responsible.


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