Legal Question in Banking Law in New York
rights of deceased spouse
If my home equity loan which is in both spouses names has insurance in case of death during loan and one of us dies is the remaining spouse liable?
Asked on 2/10/04, 6:34 pm
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: rights of deceased spouse
Yes. Both individuals on the loan are jointly and individually liable.
Answered on 2/11/04, 8:20 am
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