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 terryttsyt
Joined: 03 Jul 2009
Posts: 1
1.33 Dollars($)
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 Posted: Fri Jul 03, 2009 2:25 pm Post subject: What happen when my husbandname on the loan alone? |
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Hi,
I have question we refinance the house my Husband is the only one who borrow the Loan, and I have signed the Deed of tranfer interspouse form, The detail of the form said that This is not change the ouwner ship " because if I my name on the same loan the interest is higher than if my husband stand on the loan by himsef. My question is if something happen to him Do I lost the house?if my name is not on the loan.
Thanks,
Terry |
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jenkin7
Joined: 04 Jun 2007
Posts: 3429
Location: Hawaii
514.13 Dollars($)
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| Posted: Fri Jul 03, 2009 11:16 pm Post subject: |
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Hi Terry,
| Quote: | | The detail of the form said that This is not change the ouwner ship |
If the details of the inter-spousal deed mention that the ownership has not changed, then you should not lose the house, in case something happens to your husband. He can also prepare a will and leave the property in your name, to be on a safe side. But as there is a mortgage against the property, you will have to keep making the payments on time. If you stop payments, you can lose the house to foreclosure. |
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robertsmith2005
Joined: 22 May 2009
Posts: 338
-0.33 Dollars($)
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| Posted: Sat Jul 04, 2009 3:53 am Post subject: |
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| Yes, as a safety measure ask your husband for a willin your name. |
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