Who will own them? We still owe 15 years on ours... will it even matter? We have a fixed rate conventional loan. Can we discuss some probabilities?
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We have a motgage with BOA. My husband and I are both on the deed. His name only on the loan since he had a 35 year work history at the same place and mine was sporadic. He died in January. I've been making payments but ... now what?
what do you mean, what now? You continue to pay the mortgage or they will foreclose. You can sell the house or get a roommate to help with the mortgage. Did you not think about this when your husband was alive? I'm in the same boat. I will either get a roommate or sell. NO other options.
I can afford to pay the mortgage or pay it off. What now because the bank sent a form to me with different options including abandonment and getting a new mortgage. I chose the one that said I will continue to make payments. Then I got one saying they have the response and will review it and get back when they decide.
They shouldn't be "deciding" ANYTHING unless you default on the payments. You are an owner and as long as you're making the payments there is nothing they can do. You did say you are on the title correct? If not.....not good. Well you can live there for a year until they foreclose. I did that once. You do have other options IF you are on the title.