A lot depends on what state you are in. If it is a community property state, , it will pass on to the wife. In most cases, unless there is a large insurance settlement or life policy, the house will typically be sold, since their income decreased.
If it is a marital property state, it would depend on when he bought the house. Prior to the marriage, it would go to his designated heir; After the marriage started, it would go to his wife.
You might be able to get a deal on buying this property!
2006-12-28 06:11:59
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answer #1
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answered by Ron K 2
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When people are married things change. Personal assets become community assets (shared between the two). While the wife may not be on title to the house she has what is known as DOWER RIGHTS. Even without a will, the widow will get title to the property (assuming she can get financed for the unpaid balance of the loan and the lender doesn't forclose). As for you, you need not worry a bit because your lease on the property secures your right to live there until the lease expires regardless of who owns the property or who is collecting the rent.
2006-12-28 06:27:30
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answer #2
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answered by linkus86 7
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Because you have a lease, and 6 months on it, you will be expected to stay and continue the lease for the next 6 months, the property owner's death should not effect you as all other contracts will have to be contingent on your lease (like if they sell the house, the new buyer will have to honor your lease).
Just continue to pay your rent on time (I would send it exactly like you send it now until you are notified to change it in writing) and see how things go.
If they are going badly, start looking for a place closer to the end of your lease.
Good luck
2006-12-28 06:18:01
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answer #3
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answered by Gem 7
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Don't worry, be happy; words to a song. Even if it was in the husband's name upon his death it automatically becomes hers without a will under the rules of the Uniform Probate Code. She should consult with an attorney and cross the t's and dot the i's to do the paperwork shuffle necessary; but the house is hers free and clear, unless it has a mortgage. Some home loans even have mortgage insurance included so that in case of death the house is paid for. She should check.
2006-12-28 06:12:22
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answer #4
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answered by acmeraven 7
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I wouldn't be immediately concerned about finding a new place. The contract you have is binding with his estate, and it will likely take the balance of your lease term to settle the estate.
If your rent is what is making the house payments, the executors of the estate are not going to want a vacancy so barring other factors will not be wanting you to move before your lease is up.
It won't hurt you to check out the current housing market, but I wouldn't stress about an immediate need to move.
2006-12-28 06:10:00
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answer #5
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answered by heart o' gold 7
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you have plenty of time to start packing if you want.
what generally happens is probate (without a will) a long process. you keep paying rent , you have a contract with husband estate.
you might suggest getting will for you and friends, stuff happens.
if in community state the wife gets 1/2 house which ties up to house longer so just stay put and save your money.
2006-12-28 06:10:41
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answer #6
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answered by Anonymous
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Just keep paying the rent. Do it on time. If anything changes they must inform you by registered mail. You have a contract and cannot be evicted. I would look for another place to live just in case.
2006-12-28 12:49:49
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answer #7
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answered by sm4125 3
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2016-12-11 17:43:10
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answer #8
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answered by parenti 4
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the house will go to probate, and more than likely the wife will assume responsiblity for it, however, I would keep in contact with them and to be on the safe side look for somewhere new to live, because if there is alot owed on the home, the bank could end up owning instead...Give the family time to grieve, don't call and bother them right now, contact them next month and ask how they may want to proceed...Even though you have a one year lease....if the bank gets the house, you will have to move
2006-12-28 06:08:06
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answer #9
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answered by HappyGoLucky 3
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It doesn't matter who the house is left to; that has no impact on your lease. Your lease remains in full force and effect; the owner's estate and whoever inherits it must honor your lease.
Once your lease expires it will be up to the owner(s) whether you can stay or will have to move. The usual rules apply, they will need to give you at least 30 days notice to quit.
2006-12-28 06:07:37
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answer #10
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answered by Bostonian In MO 7
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