Widow paid off home mortgage with proceeds from late husband’ s life insurance.
Ilyce Glink and Samuel Tamkin.
Q: My husband died a few years ago and had a life insurance policy. When I got the proceeds from the policy, I was able to pay off our home mortgage.
I never received the original deed from the mortgage holder, and querying the lender is getting me nowhere. I’m not sure what to do to protect myself against scammers.
Why can’t I get the deed to my house? When I search online, I keep getting websites that want me to pay for protection. And the lawyer that drew up the refinance passed away before my late husband died.
Is there somewhere I can get a copy of my deed?
A: First, please accept our condolences on your loss. One of the reasons we recommend that both spouses and partners keep a hand in managing family money is to avoid painful quests like this one.
But while your search for protection hasn’t been fruitful so far, the good news is you likely don’t have to worry about the ownership of the property. Typically, married couples own property as joint tenants with rights of survivorship. When it comes to the primary residence, married couples will either own it as joint tenants or as tenants by the entirety.
In either case (joint tenants with rights of survivorship or tenancy by the entirety), you became the sole owner of the home upon your husband’s passing. You wouldn’t need to do anything to the title to the property for you to become the sole owner of the home. It happens automatically because of the way you chose to hold title.
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