Can the spouse of a person who dies finish paying for the property?
If there has been a change in ownership the bank should be
notified. They will need to make some changes in the account and
will want proof of death and proof that the title to the property
passed to the surviving spouse. In this economic climate the bank
should be satisfied to allow you to take over the mortgage. You may
want to speak with a local attorney who specializes in real estate
transactions. She/he may be able to facilitate the negotiation with
the bank for you.
Related Q&A：
: Can the bank take my house if my spouse passed away and my name was not on the loan？-Well, that's a tricky situation. Generally speaking, it depends on a bunch of factors. If the loan wasn't in your name and you weren't a co-signer or otherwise legally obligated on the mortgage, the bank might have a hard time taking your house. But they could potentially go after the estate of your spouse to recover the debt. However, laws vary by state and the specific circumstances of the loan and the estate. It's really important to consult with a lawyer who specializes in this area. They can look at all the details and give you a clear picture of what might happen. Oh boy, I hope that helps a little!
