QUESTION
What happens when borrower is deceased and co-signer cannot afford to make payments on mobile home loan?
Asked on Sep 28th, 2014 on Estate Litigation - New Jersey
1 ANSWER
2 Awards
You can advise the loan company of the death and try to renegotiate a new loan on your own. However, if the co-borrower is deceased, and you cannot afford to keep up payments, I don't know if you will be able to qualify for a new loan.
Answered on Sep 29th, 2014 at 12:58 PM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship