Saturday, October 27, 2018

Joint tenant of survivorship but not on the mortgage?

What happens if I'm on the deed with my father as joint tenants of survivorship, but not on the mortgage, and he passes away?

Do I owe the rest of his mortgage (what isn't paid off yet)? Does the mortgage lender have the right to take my property? What happens exactly?

Which would be better in this situation? To be on the mortgage or off it? I'm planning on selling the house or renting it out.

I live in California.

Read more: https://allmortgage.net/forum/joint-tenant-of-survivorship-but-not-on-the-mortgage.html