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non-vested spouse

Posted on: 13th Jul, 2011 02:19 pm
My husband had a mortgage on a commerical building. I signed the mortgage as a non-vested spouse. He passed away. Am I responsible for the mortgage?
Hi Guest!

Welcome to forums!

If your name is mentioned on the mortgage docs as one of the borrowers, then you will be liable for the mortgage payments. If you don't pay the mortgage, the property will be foreclosed and it will have a negative affect on your credit report.

Feel free to ask if you've further queries.

Sussane
Posted on: 14th Jul, 2011 07:56 pm
It was me above... got logged out somehow!!
Posted on: 14th Jul, 2011 07:57 pm
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