Can a surviving spouse sell the house? This reader wants to know if they can sell the property if they’re on the house deed but not the mortgage. Q: My wife passed away last year and she was on the mortgage to the home and on the title to the house deed. I’m not on [...]
How does the death of your spouse affect your mortgage? When your spouse dies, if you are also listed on the mortgage, you are still the borrower and continue to own the home. Your spouse's death should not affect your mortgage if you are listed as a borrower or held title jointly. If you want to change the mortgage to be in your name only, you can refinance your mortgage. In the case of the death of your spouse, as long as you continue to make the mortgage payments, your mortgage should not be affected.