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Notify lender of death of equity borrower?

by kyjacows6347 from , California. Feb 28th 2017 Reply


BRETT TYSON (brett@emortgage.loans)
#1484 ranked lender in California - 3 contributions

I'm not sure what you are asking. Are you and another person applying for a joint loan and then that person died? if that is the case whether you tell the lender or not they are going to find out since both parties to the loan need to be present with a notary at the close of escrow. I would be upfront with the lender to see what can be done. if you are referring to a loan that you are already on with someone else and that person died, I don't believe there is a reason to tell the lender about the death unless you are having difficulties making the payments on your own. Hope that helps!

Feb 28th 2017
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Larry Gray (lgray_312_247)
#566 ranked lender in California - 1,127 contributions

Brett seems to have proffered up some responses to your pretty limited question.Please provide further clarification if you have not gotten your answer. I too assumethat you may have acquired the property or are involved in some way with someone who has died and maybe was the only person on the loan. A spouse or somewhat who inherited the property can take over the loan.

Feb 28th 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,930 contributions

You should be more specific in your question.. We are very good at giving you accurate advise, but we need specifics!.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Mar 2nd 2017
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