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    MarylovesJeff's Avatar
    MarylovesJeff Posts: 1, Reputation: 1
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    #1

    Feb 10, 2008, 08:59 PM
    Death Deed of Trust vs Loan
    My Husband passed away Both him and I are on the Deed of Trust however, he is the only one on the Loan. The Mortgage Company will not speak to me unless I have a Letter of Administartion (which I'm uptaining through an estate attorney/public Admin). What I want to do is Default on the Loan and Buy a new house. If I do this will I be responsible for the loan? Can I let the house go into forcloser?? Will I be responsible for the Loan?? Please Advise.

    Thanks
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 10, 2008, 09:24 PM
    Very good question, since you are not on the loan, they can come after the estate, if there is other money or property in the estate, they could come after that. Since you need an esate attorney anyway, talk to him about this
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