My wife and I have both our names on the mortgage. She passed away last year from cancer. Both of our names are still on the mortgage. I've transferred the house into my name. If I let the lender know that my wife passed away what happens to the mortgage? I'm unemployed right now and going back to school to get a masters degree. I actually have enough savings to pay off the loan but, that would take all of my savings.
Thanks so much for your help
What happens to mortgage if a spouse on the loan dies?