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My husband has the title

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mimicat35 Guest	Posted: Fri Mar 25, 2011 11:09 am    Post subject: My husband has the title Like 0 Dislike 0 My mother gifted her house to my husband and he has the title.We found out she had a loan on the property four years after she died.My question is can the company foreclose on his house?There is no leins on the title. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Fri Mar 25, 2011 8:30 pm    Post subject: Like 0 Dislike 0 Hi mimicat! Welcome to forums! If the property has been used as a collateral by your mother for the loan, then the lender has the rights to foreclose the property. But if the property deed is in the name of your husband, then it might be difficult for the lender to foreclose. In such a situation, he may charge off the debt. Feel free to ask if you've further queries. Sussane

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