Comments on: If someone dies and they were the only one on a 2nd home mortgage, will going in default ruin spouses credit?

By: jannie

jannie — Sat, 29 Mar 2008 05:08:17 +0000

I don’t know how only 1 person got the mortgage without being in both names unless they are not married. I think only person that loan is in is responsible.

By: Joieanew

Joieanew — Fri, 28 Mar 2008 13:21:28 +0000

It is a federal law not state. Any debt incurred to either parties while married become the dual responsibility of both partys, weither a signed agreemnt is vild or not. THe dad is responsible for the morgage if it goes into default. So long as your friends parents are married. There is nothing he can do about this short of filling for bankruptcy. He must continue the payments, if it goes into default its his tail. Simillar things happen if on parent filles for bankruptcy and the other doesn’t. Then all the bills accrued in the one parents name now automatically get switched to the spouse. Its not fair but it is the way it is.

By: ncbound

ncbound — Tue, 25 Mar 2008 02:55:44 +0000

as long as the fathers name is not on the house he will be ok

By: PuterPrsn

PuterPrsn — Mon, 24 Mar 2008 04:06:01 +0000

That will depend on the state. In some states, the spouse is responsible for the bills regardless. In some, who is on the note takes precedence. Time to consult an attorney, which will only cost about $100.

By: americanbygodd

americanbygodd — Mon, 24 Mar 2008 02:18:34 +0000

Might not hurt thier credit but they will lose the house.

By: kaceysfamily

kaceysfamily — Sun, 23 Mar 2008 08:21:46 +0000

It depends on how she took title on the property.