The bank moved to seize a widow’s home. But it didn’t tell her the loan was insured.

The bank moved to seize a widow’s home. But it didn’t tell her the loan was insured.

Answer. If that clause is not in the agreement than the co-signer’s obligation could end in their death." As long as the living borrower continues to make payments on-time and there is no default on the loan, nothing would change. But in the event of a default the bank would have the right to pursue both the living borrower and the estate equally.

What happens when your spouse dies and your name isn’t on the mortgage loan? You could lose your house if you’re not careful. Follow these tips for dealing with a mortgage after death.

I hadn’t earned anything but didn’t know I had to tell them. even though she is a widow, but it is wrong that I had to rely on her for support. If she wasn’t around then I would have had to use a.

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Bank of America’s bill collector was telling her the home was not her husband’s primary residence. It couldn’t be: He was dead. Mitchell did reside on the premises – in an urn.

As bank moved to seize California home, it never told widow her loan was insured By Kevin G. Hall – McClatchy washington bureau april 16, 2015 08:52 AM

What happens to your bank account upon death depends a lot on what you do with it during your life. A number of factors influence what happens with your money upon death, including whose name is on the bank account, whether it’s held in a living trust, and your state’s laws.

Since my latest acquisition was 3 miles away from my previous primary residence, I was asked by the selling agent representing Bank of America, and grilled a few times by the underwriter at Wells Fargo who I got the home loan from about making sure I was going to use this as my primary residence, I had to sign affidavits for both banks stating.

But it didn’t tell her the loan was insured. McKinley Contents Mcclatchy washington bureau april 16 residential mortgage lenders mortgage loan. answer group.. previous post loan. professional bank announces 90%.

Bank of America’s bill collector was telling her the home was not her husband’s primary residence. It couldn’t be: He was dead. Mitchell did reside on the premises – in an urn.

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