The bank moved to seize a widow’s home. But it didn’t tell her the loan was insured.
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What if only your spouse is on the mortgage or title. – Hi Stephens – if your name is on the title, according to the article then your husband can’t sell or give away (to an heir, etc.) the home without your knowledge, but since you are not on the mortgage he could potentially refinance or take out a loan (second mortgage) on your home without your knowledge, as I understand it.
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What Can Creditors Do If You Don’t Pay? | Nolo – First, know that you can’t be thrown in jail for not paying your debts (with the exception of back child support, if you could pay but don’t). And a creditor can’t just take money from your bank account or grab your tax refund-unless you owe back taxes or you’ve defaulted on a student loan.
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Reverse the foreclosure of Faith's home and approve a loan. – petition closed. reverse the foreclosure of Faith’s home and approve a loan modification
I Used To Be The Breadwinner – & That Ruined My Marriage – We didn’t own a house together, we didn’t have any children together, but you know, he had lived off my loan and my salary. But he had also taken the risk and moved. to take charge of things. Even.
MSFraud.org – Mortgage Servicing Fraud resources for wrongful. – Moved to Seize Widow’s Home. But didn’t tell her the loan was insured . When her husband passed away in 2003, Select Portfolio and Bank of America did not arrange a payoff of the $100,000 policy and continued to charge his widow an insurance premium every month along with her mortgage payment .
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.
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Featured VA Loan Articles. The new law that allows military widows eligibility for va home loan if vet was 100% disabled at time of death for any reason. That does not really help any more widows. Since the deceased veteran has to be 100% disabled for 10 years prior to death or 5 years from date of discharge.