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Home equity loan without consent

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Youngwidow Guest	Posted: Mon Jan 23, 2012 5:50 am    Post subject: Home equity loan without consent Like 0 Dislike 0 My late husband took out a home equity loan in his name only. At the time both of our names were on the house deed. After he died, the house was put in my name and i discovered that he had gotten this home equity loan and it is in his name. I live in ohio. Am i responsible for paying it back? _________________ 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($)	Posted: Mon Jan 23, 2012 10:46 pm    Post subject: Like 0 Dislike 0 Hi Youngwidow! Welcome to forums! As the mortgage is not in your name, you're not liable for paying the loan. However, if you don't pay the loan, the lender may take foreclosure actions against you. In order to stop foreclosure actions, you should assume the loan and pay the debts on time. Feel free to ask if you've further queries. Sussane
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Tue Jan 24, 2012 2:32 am    Post subject: Hello youngwidow, Like 0 Dislike 1 Well without their consent in doing this, you'd have to pay them off to get the home equity line of credit. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Thu Feb 09, 2012 12:15 pm    Post subject: Like 0 Dislike 0 Seems to me that nobody on this particular thread is seeking to obtain a home equity line of credit. Sabrina, do you read what others have to say before you post your inanity? _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
connieqin1 Joined: 10 Feb 2012 Posts: 2 1.37 Dollars($)	Posted: Fri Feb 10, 2012 2:00 am    Post subject: Home equity loan Like 0 Dislike 0 Once you have effectively purchased home loan financing to purchase home, the next matter that you have to do is faithfully fulfill your month to month debts. In the earlier numerous your home finance loan, a considerable area of your month to month home loan repayments will involve interest. This implies your most important payment will probably be a little bit significantly less. But since you advance your home finance loan, your interest payments will disappear since your main bills raise. _________________ abercrombie
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Mon May 21, 2012 12:22 pm    Post subject: Like 0 Dislike 0 >>Sabrina, do you read what others have to say before you post your inanity? I don't think she does, George. _________________ Raymond Denton www.RaymondDenton.com

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