Compare Mortgage Quotes

arg62301 · Joined: 24 Mar 2010 Posts: 1 1.29 Dollars($)

MNy mother in law purchased a home in Florida with her friend in 2005. Her friend is hospitalized in a coma. They have mortgage insurance. My mother in law is worried she will lose the house because she can't afford to pay the entire mortgage by herself. Can you help with some ideas and/or information. Thank you for your time.

adonis · Posted: Wed Mar 24, 2010 8:50 pm Post subject:

Hi arg,

If the friend dies, then his/her heirs will get the friend's share of the property. They, along with your mother-in-law, can refinance the home loan. Thus, the friend's heirs and your mother-in-law can then make payments to lender and save the property. Thus, your mother-in-law will not remain solely responsible for paying the dues.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

when two people enter into a mortgage and one of them passes away without a will, what happens to their share of the home.

Bookmark this page

Helpful References

Calculators

Financial Tools

Our Community

Community Rewards

Followers (252)

455 People like Mortgage

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1