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

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Surviving spouses and those inheriting a home can remain in the home even with a mortgage. However, the mortgage still must be paid. Lenders cannot call in a mortgage for the sole reason of the death.

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If I’m Not on the Mortgage, Can the Bank Foreclose After My Spouse Dies?. Can the Bank Foreclose After My Spouse Dies?. A lawyer can tell you whether the law allows you to assume the loan, help you explore loss mitigation options, and fight the foreclosure in court, if necessary..

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

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.

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

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It can take years for. are,” as he would tell a reporter for a magazine profile years later. Some might escape to Texas to live a bit wild. Schaeffler became a corporate lawyer. Schaeffler’s law.

But every year, by the time he had shuffled his finances enough to be ready for a mortgage, the widow would change her mind. "when we went to the bank finally, it was the first time I signed loan.

father passed away owing on a vehicle. by kbb (noreast) My father passed away owing money on a vehicle (we helped the bank find a buyer). The sale of the vehicle didn’t cover the loan fully. My father also had a new-ish mortgage and owed pretty much what the house was worth at his passing.