Legal Question in Real Estate Law in Utah
Mortgage insurance
If a person refinances his home 30 days before he dies
and has carried a mortgage insurance for the past 2
years and is still in effect when he dies, shouldn't that
be paid off? Not just refunded the pemium from the 9th
-30th?
And if that didn't shouldn't his pension make the
payments?
Asked on 5/11/04, 5:58 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: Mortgage insurance
It depends on all of the facts (refinanced with same mortgage company or bank?) and the terms of the policy. Without reviewing those there is no way to tell. Pensions do not make house payments, and continued payments depend on the terms of the pension agreement. I suggest you contact an attorney and give the attorney all of the facts and documents for review.
Answered on 5/11/04, 8:45 pm