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First Week As A Surviving Spouse

What if my name is not on the mortgage?

Short answer

Federal law (the Garn-St. Germain Act) prevents lenders from calling the mortgage due solely because of a borrower's death when the property is transferred to a relative — including a surviving spouse. Contact the lender to notify them of the death and…

What this usually means

Federal law (the Garn-St. Germain Act) prevents lenders from calling the mortgage due solely because of a borrower's death when the property is transferred to a relative — including a surviving spouse. Contact the lender to notify them of the death and ask about transferring the loan to your name or continuing payments as the surviving owner. Keep making payments in the meantime.

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