Post: assuming mortgage payments
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Posted by stacey on 6/18/07
My mother passed away in February and had a mortgage on her house. I am listed as joint owner on the deed with rights of survivorship. I am now paying mortgage payments since my mother had not taken out the insurance in case of death on the loan. The bank that it is financed through says the only way the mortgage can be transferred into my name is if my credit rating is high enough. If my credit rating is not high enough, they will not move the mortgage over into my name. In other words, all of the mortgage interest that I am paying will still be reported as being paid by my mother under her social security number. Is there anything I can do about this?????
Posts on this thread, including this one
- assuming mortgage payments, 6/18/07, by stacey .
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