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  1. #1
    cowpiefarm Guest

    Husband's mortgage, joint title, do I lose house if he dies?

    What is the name of your state? Ohio. We closed yesterday on our home. The mortgage was in my husband's name only, due to my imperfect credit. The title is in both our names. Loan officer told us that if hubby were to die, that I would own the house, but not the mortgage. She stated that having a will would "fix" that situation. We do not have a will, and will have one drawn up, but we're uncertain as to exactly what needs to be in the will in order to avoid any sort of nasty situation in regards to the house and my name not being on the mortgage should hubby die. Thank you in advance for any advice or insight on this!
  2. #2
    Souix is offline Senior Member
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    Re: Husband's mortgage, joint title, do I lose house if he dies?

    Originally posted by cowpiefarm
    What is the name of your state? Ohio. We closed yesterday on our home. The mortgage was in my husband's name only, due to my imperfect credit. The title is in both our names. Loan officer told us that if hubby were to die, that I would own the house, but not the mortgage. She stated that having a will would "fix" that situation. We do not have a will, and will have one drawn up, but we're uncertain as to exactly what needs to be in the will in order to avoid any sort of nasty situation in regards to the house and my name not being on the mortgage should hubby die. Thank you in advance for any advice or insight on this!


    ***As I understand it, as long as you keep making the mortgage payments, and your name is on title, you will not lose the house. Or you can simply refinance. This is how our title on our house is set up too, because of my self-employment income, my husband is on the mortgage but we are both on title. There is also insurance you can purchase that will pay off the mortgage if either you or your husband passes away before the other.
  3. #3
    HomeGuru is offline Senior Member
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    Souix, good response. There is actually an Act. Do you know the name of the act?
  4. #4
    Souix is offline Senior Member
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    Originally posted by HomeGuru
    Souix, good response. There is actually an Act. Do you know the name of the act?

    No I don't

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