If I owned a house before I got married, is my new wife legally responsible for keep making the payments if I die?

I owe $225,000 and the house is worth $150,000.

Asked on August 2, 2012 under Real Estate Law, California

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If you pass before payments on the home that you have as to its mortgage are paid in full, your estate would be legally responsible to continue making the payments on the loan and/or whomever the home is given to if he or she wishes to retain it as an asset.

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If you pass before payments on the home that you have as to its mortgage are paid in full, your estate would be legally responsible to continue making the payments on the loan and/or whomever the home is given to if he or she wishes to retain it as an asset.


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