Legal Question in Real Estate Law in Illinois

A dying wife has a government mortgage due to her disability (quadriplegic). She has no life insurance or will. Her husband & her have been married 30 yrs.

One child still lives at home. What if anything can the survivors do to save the house while she's still living!


Asked on 2/22/16, 8:34 am

1 Answer from Attorneys
Stephen Messutta

Sorry to hear about your situation. An attorney should review the loan papers. If it is NOT assumable (typical but without seeing it no way to say for sure), and she passes, the only way may be to refinance if that is possible. Even if it is (atypical but same point), you and your child may have to meet new underwriting requirements to determine if you can assume it, and even if you do, how do you expect to continue paying it?

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Answered on 3/06/16, 8:21 am


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