Monday, 1 September 2014

My husband died in May and did not leave any money. He took out a home equity loan on our houseand only with his signature and i can only pa...

Question

My husband died in May and did not leave any money. He took out a home equity loan on our houseand only with his signature and i can only pay on the first mortgage. Can they foreclose on me?



Answer

Yes, it is possible they will foreclose. The question is not so simple because there are a series of variables I do not understand. for instance, do you have equity in your home? Were you married when the house was purchased? Is your name on the house now?



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