The Moneyist helps out this complicated financial situation: My sister’s husband died, but his ex-wife’s name is still listed on the mortgage of his $400,000 house. What happens now?
My sister’s husband passed away in February 2020. My sister’s name is not on the mortgage. Her husband’s ex-wife is on the mortgage. I believe the deed to the house was only in her husband’s name.
The house is worth at least $400,000. How can my sister get the mortgage and property deed in her name only? I believe her husband left the house to my sister in his will, but the mortgage is still held by the bank in his ex-wife’s name.You can email The Moneyist with any financial and ethical questions related to coronavirus at qfottrell@marketwatch.com, and follow Quentin Fottrell on Twitter.
Your sister needs to submit the deed to the home, her husband’s death certificate, a copy of his will, a notarized affidavit of death, and a preliminary change of ownership report to the county probate court. She should do this with the help of a lawyer. It’s typically not possible to remove a person from the mortgage without their knowledge as it could impact their credit report. If his ex-wife has no claim on this property and is not listed on the deed, she should be happy to be removed.
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