Your mortgage must be paid unless you have arranged for some type of mortgage insurance.
Your mortgage must be paid unless you have arranged for some type of mortgage insurance.
Your mortgage must be paid unless you have arranged for some type of mortgage insurance.
Your mortgage must be paid unless you have arranged for some type of mortgage insurance.
See http://www.fivecentnickel.com/2008/09/22/what-happens-to-your-mortgage-if-your-bank-fails/
Nothing happens to it. It still remains in second place.
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
You will then have one mortgage and not two.
Unfortunately, foreclosure happens.
what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland
The mortgage has to be resolved. Either it must be sold and the mortgage paid off, or the person inheriting obtains a replacement mortgage.
You can find the answer you want by asking the mortgage holder.
you then only have to pay the second
What happens if the mortgage and deed are in two names and one claims banckrupcy
you pay it!?!
yes, but it rarely happens.