Legal Question in Wills and Trusts in Oregon

My Husband passed away 6 years ago. Our house was in both our names. I have had it put in only my name now. Before he passed he secured a loan for a second mortgage with only his signature and credit. I have been paying the loan since he passed but want to know if I have to contine paying the debt


Asked on 3/19/10, 12:05 pm

1 Answer from Attorneys
Susan Burns Law Office of Susan Ford Burns

The short answer is yes, you have to continue paying. The mortgage lien is against the house. When you transferred it to yourself, the lien was already there. Transferring the ownership does not remove the lien. If you stop paying, the holder of the second mortgage could foreclose on the house.

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Answered on 3/24/10, 1:35 pm


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