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Old 10-01-2007, 06:49 PM
mayormyk mayormyk is offline
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Ok, let me rephrase my earlier post since I didnt seem to get any replies.
Can someone please tell me how a mortgage is handled with a lender when there are two people on the mortgage (primary and a co-borrower), and the primary passes away????
Thanks in avance,......
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Old 10-02-2007, 05:15 PM
florida man florida man is offline
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Join Date: Feb 2006
Posts: 389
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If the borrower and co borrower are husband and wife, then the property and mortgage pass directly to the spouse without probate.

I would check the state laws or an attorny for any other scenerio. Check the deed and the right of survivorship.
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Old 10-11-2007, 09:36 AM
GLOAT GLOAT is offline
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It would depend on how they took title(Survivorship or General Warranty Deed) and the liens filed against said property.

Regardless, Lender still wants pmts.
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Old 10-11-2007, 01:54 PM
florida man florida man is offline
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Hi gloat.

What i find amusing is the original poster is 'all pissed off' that his first post was ignored, but when we reply, he disappeared .

???
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