Legal Question in Real Estate Law in Georgia

Widow on Home Deed not on Mortgage Loan

I am a recent widow. My husband and I are both on the deed of our home. He was on the mortgage loan soley. How will this loan be handled once I inform my mortgage bank. Will I allowed to continue this loan as is or will I be asked to begin a new loan. My income nor income/debt ratio does not support a credit review for a new loan. Will I be allowed to refinance my home without my name on the current loan?


Asked on 1/21/08, 11:55 pm

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Widow on Home Deed not on Mortgage Loan

The lender will likely call the loan due, and consider foreclosure. Whether or not the lender is willing to anything beyond that is up to them.

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Answered on 1/22/08, 9:49 am


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