If my husband just passed away, can our mortgage company take me to court for his life insurance money to pay the mortgage?
Question Details: We are currently 3 months late on payments and I am not on the loan.
Victor Waid / Law Office Of Victor Waid
Answered 3 months ago
This attorney is licensed in California
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No the mortgage company cannot take you to court for the proceeds due you as a beneficiary of life insurance; however if you allow the mortgage to lapse for lack of paymet, the lender can foreclose the mortgage, which in your case that might be advisable after you review your own finances.
