Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityOne of the most popular online real estate communities consistently since 1998!


Virtual Homestaging at PadStyler.com


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Facebook
Sponsored Links
Topic Options
Rate This Topic
#444574 - 03/25/15 09:11 PM OK 2 Short sell home for wife on deed, but not on deceased hubby's mortgage?
MariaSells Offline
Junior Member

Registered: 02/10/15
Posts: 1
Loc: MIchigan
This would be my first time assisting in the sale of a home with a deceased spouse.
I have a client who's husband passed away. There was no will. She wants to buy a new house and short sale or walk away from the current house. It is under water and she is not on the mortgage.
Yes, she did get insurance money, but she does not want to stay in the home and she only works part time so she can care for their 2 kids.
Can I short sell for her if she's on deed and not on loan?
Or should she just walk away? The research I did shows she can choose to just foreclose on the home as it won't affect her credit.
(I will also advise her to speak to a lawyer.)
Thanks in advance!

Top
Advertisements
#444583 - 03/26/15 06:42 AM Re: OK 2 Short sell home for wife on deed, but not on deceased hubby's mortgage? [Re: MariaSells]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7456
Loc: Vermont's North-East Kingdom
Is the mortgage held by a local bank ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#446738 - 07/23/15 11:18 AM Re: OK 2 Short sell home for wife on deed, but not on deceased hubby's mortgage? [Re: MariaSells]
SanD Offline
Junior Member

Registered: 07/23/15
Posts: 3
Loc: California
Have you spoken with the lender or mortgage officer managing?

Top
#448755 - 11/09/15 12:21 PM Re: OK 2 Short sell home for wife on deed, but not on deceased hubby's mortgage? [Re: MariaSells]
John_Myers Offline
Member

Registered: 08/09/12
Posts: 43
Loc: NM, USA
I think you can still short sell the home. Call the lender and ask what they need to get the short sale done.
_________________________
Myers & Myers Real Estate






Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
bpoexpert, catador4255, Daini Marry, Cece, EXIT Elite
29080 Registered Users
Who's Online
1 registered (1 invisible), 241 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 31
Jhony 29
Daniel1234 24
rdayley 16
David Hunter 14
Z06Fanatic 13
C21Mr.May 13
JohnN 12
JMK307 10
Trouble 9
Square 9
sualk54 9
PadStyler 8
excellhomes 7
allpropinvestmen 7
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 26028939
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 26008911
No new orders today 12694719
Stupid MLS comments. 3119395
What do you know about Froy Candelario, top agent in USA 1110607
Stupid QC comments and BPO requirements. 999997
New HUD Listing Brokers---Any Update? 974889
Is there religious content in Buffini class? 768113
Let's talk about our cars 625154
Name that Flick. Great movie Lines. 561056
Pay it Forward - BPO/REO Tips & Tricks I & II 556292
Most common items found at an REO 537205
EML 459230
REOTRANS 408734
asset val seminar in colorado 381433
Main Street 371727
assist 2 sell or 1 percent realty? 308298
Evalonline 300066
HOMONYMS - There, Their, and They're 285240
Land America 285049
Agent Directory

real estate agents

Featured Member
Registered: 10/24/13
Posts: 561

How To Advertise Here


This site presented by RNC Internet Services