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    BCS10565's Avatar
    BCS10565 Posts: 2, Reputation: 1
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    #1

    Oct 2, 2007, 02:34 PM
    What happens if something happens to spouse
    We just bought a new home and my name is not on loan or deed. What will happen if spouse dies does the bank get the house?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Oct 3, 2007, 07:34 AM
    Hello BC:

    Without a will, his next of kin get's it.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 3, 2007, 07:39 AM
    The house goes into the Estate of the deceased and ownership is passed to their heirs under a will or under the intestate laws of your area.

    So I would make sure a will is made or the spouse is added to the deed as joint tenant with right of survivorship.
    BCS10565's Avatar
    BCS10565 Posts: 2, Reputation: 1
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    #4

    Oct 4, 2007, 10:46 AM
    Quote Originally Posted by BCS10565
    We just bought a new home and my name is not on loan or deed. What will happen if spouse dies does the bank get the house?
    Thanks for the answering my question. It was a big help
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