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Mortgage loan in deceased husbands name only

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pinkshulaces Joined: 02 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Wed Feb 02, 2011 7:55 pm    Post subject: Mortgage loan in deceased husbands name only Like 0 Dislike 0 My husband died last yr. The mortgage loan was in his name only. My name is on the title. I am afraid to notify the bank that he is deceased. I make the loan payments on time but none of these payments shows on my credit score. Fearful that the bank will make me apply for the mortgage in my name. I wouldn't qualify.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Feb 03, 2011 12:08 am    Post subject: Like 0 Dislike 0 Hi pinkshulaces! Welcome to forums! As your name is not mentioned on the mortgage docs, though you make the payments, it won't get reported to your credit record. As your name is not mentioned on the loan docs, you're not personally liable for the payments. However, if you want to save the property, it'll be better to refinance the mortgage in your name and pay off the loan in full. Feel free to ask if you've further queries. Sussane

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