Re: Insurance death benefit - safe?

Posted by NJD on June 24, 2008 at 15:53:40:

In Reply to: Insurance death benefit - safe? posted by Cam on June 24, 2008 at 12:45:12:

I'm not an attorney, and I'd think an attorney would be the one to review the mortgage, note, the insurance policy. and the laws of the state before answering your question.

I think your Mom, since she wasn't obligated on the loan, would have no obligation toward any deficiency resulting from foreclosure, or a preforeclosure short sale.

Who was the beneficiary of the death benefit?

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