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mortgage and wills

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qajp Joined: 04 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Fri Feb 04, 2011 10:24 pm    Post subject: mortgage and wills Like 0 Dislike 0 My husband and I have been married for 12 years. Recently a question was raised as to how our credit Union would handle our mortgage if he pass's? My name is not on the house, Im not employed and with very poor credit history the will leaves the house to me but I wonder how this would work out for me?
Niicss Joined: 03 Oct 2005 Posts: 4834 Location: New Jersey 508.88 Dollars($)	Posted: Mon Feb 07, 2011 2:40 am    Post subject: Like 0 Dislike 0 After your husband's death, you will be liable for paying off the mortgage. If you're unable to refinance the mortgage and pay off the dues on time, the lender will simply foreclose the property in order to recover his balance payments. _________________ Good is the Enemy of Great.

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