questions & answers

Question: my father pass away in 2008 he was the one who took care of the bill and finaces for the house my mother and father both retired but my father went back to work after 70 and rebuild the house 2006 and 2007 katrena, my stayed home a way after my father died my had stroke after stroke, dementia, she couldn't remember to pay her bill well i have been taken care of her for seven years she pass 2014 aug. now i have been going back and forth with jp morgan comp. chase bank. to due a remodifaction loan, now i have a letter sayingthe loan has been paid i have to get my own insurance the will not insur

Answer: Please refer to the loan modification agreement for information regarding the terms of the agreement regarding insurance. Generally when a person dies and leaves real estate to someone, the home owner’s insurance does not automatically pass to the person who inherited the property. Some insurance companies allow the policy to be transferred to another person’s name and continue to make the same payments as the deceased person. Read the will to see if payment for home owner’s insurance was provided for or not and also read the insurance policy and contact the insurance company for more information.