Q: I have a question ,we live in nh and have a mortgage on house the mortgage is in my moms name and my husband and I pay
The mortgage every month , the deed is all 3 names. My mom has credit cards in her name only , I don't think she has life insurance. Can this affect my husband and I if something should happen to mom? Credit debt and house , are we responsible for her credit. Obviously we would want to continue staying in the house .
A: No, you are not responsible for her debt. If she is the only one who signed the mortgage note, and were the lender to foreclose, you wouldn't be liable for a deficiency judgment.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
