answersLogoWhite

0


Best Answer

No just return the moneies

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Your recently deceased husband cosigned a home equity loan for your son Are you liable for the loan?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who is responsible for a home equity line of credit after death?

The estate of the deceased.


Responsibility to pay deceased spouse's equity loan?

Even if your name is not on the loan you have to pay for it if: You are next of kin (which you are if you are married) or You are in the Will of the deceased.


What happens to the equity when home owner dies and the home is sold?

It goes into the deceased's estate.


What if your dad had a home equity loan are the heirs now responsible to pay that off?

If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?


I pay the mortgage but my husband paid for the house is it my house?

If you are paying the mortgage, your husband didn't pay for the house. The bank owns the house and you and your husband have an equal share in the equity.


How can you split the house or equity in the house if your husband is in bankruptcy 13 at the time of divorce?

Generally, Home Equity up to $150,000 is exempt from a bankruptcy if the property is HOME STEADED.


If my husband and I have to file bankruptcy and the car is in my daughters and my name will we loose it?

If there is no equity in the car (it is worth as much or less than the payoff price), and the payments are current, no. If there is equity, since your daughter is not entitled to your exemption, someone will have to pay half of the equity to the trustee.


What happens to home equity line of credit at death?

The loan will come due in full immediately if it is not a joint loan. If there is another person at the home, say a wife of a deceased husband who had the line in his name alone, they will have to be approved for a loan of their own. You cannot have a loan on property that was approved with another persons income/credit score.


Do you have to claim on your taxes when ex husband buys out your equity in home?

If it is income, in the form of forgiven loan or as a payment, then yes. If it is a gift, then no.


Can a husband claim any equity in a house that he lived in with his wife for 3 years if it is in her parent's name?

No he cannot claim equity on the house. But the daughter can claim it according to laws in India. Some laws are really ridiculous.


If you cosigned for your brothers house and he has since obtained a second mortgage on the property will he need your signature to sell the house?

If you are on the title, he will have to get your signature. The fact that he got a home equity with out you signing ( assuming you did not sign ) tells me you are not on title. You would have had to sign for that also. You have to sign to every transaction if you are on title / deed to the house.


How do you find out if equity was paid off from your deceased parents homes?

If you mean that you want to know of the mortgage was paid off you can check the property in the land records for any outstanding debt. Those records are public.