night that he died in a car accicent the day before christmas. What is going to happen to the house and us now. They hadnt paid their house off yet, and if you think about it we are basically paying the house off for them. We had signed a one year contract and we still have 6 months left in the contract. A friend told me that the courts will have to decide who the house will be left to. And I dont know if the husband had a will because he was only 20. Do you have any ideas about we should expect to happen, should we be looking for a new house to rent?
2006-12-28 06:02:02 · 17 answers · asked by sexycat_1984 2 in Business & Finance ➔ Renting & Real Estate
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 · answer #1 · answered by Ron K 2 · 0⤊ 0⤋
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 · answer #2 · answered by linkus86 7 · 0⤊ 0⤋
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 · answer #3 · answered by Gem 7 · 0⤊ 0⤋
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 · answer #4 · answered by acmeraven 7 · 0⤊ 0⤋
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 · answer #5 · answered by heart o' gold 7 · 0⤊ 0⤋
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 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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 · answer #7 · answered by sm4125 3 · 0⤊ 0⤋
BQ1: definite, i've got seen many fascinating names for the duration of the television reveal screen and fictional international. BQ2: Scarlett, Evelyn, Prudence...the checklist is going on and on. a million) His call is James Michael Addison. he's a Mechanical Engineer. My destiny profession will with any luck be in cosmetology, journalism, or guidance. 2) We flow to Paris with some buddies. Our wedding ceremony replaced into particularly classic/unique. The subject replaced into crimson and black and we've been given married December sixteen in a comfortable colorado motel. there have been purely 50 human beings invited to attend and the reception replaced into held at Dave & Buster's. 3) Bulldog named Scar 4) chum had a woman named Jayla Marie. I had a woman named Lena Brielle. 5) Blake Raymond 6) Travis Michael & Thomas James 7) Kimberly Nona Rose (Kim) 8) ---------------------------------------- - Lena grew to grow to be a twiglet, retired, and grew to grow to be a manner photographer. She married a doctor and had 4 gorgeous infants (3 boys, a million lady) - Blake replaced right into a professional basketball participant. He married a girl ball participant and had 2 boys. - Travis grew as much as be a musician. He in no way married through fact he replaced into oftentimes on the line. He did have a toddler with a woman that chosen to stay in the back of somewhat of shuttle with him. He in no way have been given to work out this toddler. It replaced into lady. - TJ grew to grow to be a mechanical engineer like his father. He replaced into continuously interested in autos. He married a nail technician named Lisa and had 3 childrens (twin women and a boy) - Kim replaced into a normal college instructor. She married a school professor and had yet a million toddler, a boy.
2016-12-11 17:43:10 · answer #8 · answered by parenti 4 · 0⤊ 0⤋
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 · answer #9 · answered by HappyGoLucky 3 · 0⤊ 1⤋
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 · answer #10 · answered by Bostonian In MO 7 · 1⤊ 0⤋