Next Question, Please »
Answers / Life & Home / Home & Garden
4 Bumps

Anyone here familiar with what happens when a parent dies and their child moves in???

I thought my husband called the mortgage company Chase and told them his dad died and he inherited the home. Can the bank take back the house?? I know neither one of us will qualify for refinancing. I ma scared the bank will take our home, and we have no where to go, and our credit suck enough we will not get into a decent apartment complex. I am gonna kick my husband ass soon as he gets back from hunting for not doing this!!!

Answer Question
  • SHARE THIS QUESTION:
  •  
Michigan-Mom74

Asked by Michigan-Mom74 at 11:47 PM on Nov. 16, 2012 in Home & Garden

57315 Level 33
Answers (14)

  • You need to make an appt, with an Estate lawyer to protect your interests. If there was no will, then maybe there was a Survivorship deed granting the house to your husb. Don't let the bank bully you, b/c believe me, they will try. Most are underhanded. I've seen nice people who were doing all the right things, get screwed by these greedy bastards. Don't let that happen. Call your local bar assoc. for a good referral. GL!
    mrsmom110

    Answer by mrsmom110 at 6:38 AM on Nov. 17, 2012

    Credits: 162024 Level 43 1 star1 star Home & Garden Minor
    Found an answer to your question?
    Like us on Facebook!
  • I would check with a lawyer. If the mortgage is not paid off, and you can't get financing, then I would imagine they could take the house - same as they would if his father was still alive and stopped paying. That mortgage won't go away just because he passed. And I'm fairly certain that at some point, the account of a dead person has to be closed out, so you can't just keep paying on it forever.

    I would talk to a lawyer and take any and all paperwork you have relating to it. Make sure there's no insurance that will pay it off, and maybe see if they can help you figure out something to do with your credit that might make it more likely for you to get financed.

    Good luck!
    wendythewriter

    Answer by wendythewriter at 7:58 AM on Nov. 17, 2012

    Credits: 41506 Level 29 1 star Home & Garden 101
    Found an answer to your question?
    Like us on Facebook!
  • I do not know. Maybe you could call. The Bar Association and ask for a lawyer specializing in Estates. You will be able to get a 30 minute consult in person for 25 dollars
    booklover545

    Answer by booklover545 at 8:51 PM on Nov. 17, 2012

    Credits: 104687 Level 38 1 star1 star1 star Home & Garden Major
    Found an answer to your question?
    Like us on Facebook!
  • I would definitely talk to a lawyer andsee what they can do for you.
    Dardenella

    Answer by Dardenella at 9:33 PM on Nov. 24, 2012

    Credits: 198410 Level 45 1 star1 star Home & Garden Minor
    Found an answer to your question?
    Like us on Facebook!
Need more information? Get answers in less than 5 minutes. Ask your question now!
Or search CafeMom Answers:
 
Answers / Life & Home / Home & Garden

Today on CafeMom