Posts Tagged ‘Loan Default’

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

Friday, March 21st, 2008
home mortgage loan credit
jenbrown73 asked:


My friend’s Mom past away and she was the owner (alone) of my friend’s home. Now she can’t afford the mortgage and is moving. Will the father be responsible & will it effect his credit if the loan goes into default, even if he did not sign for the home? He can’t afford it either, the family has huge medical bills.

Duane