My father died in September and the bank called in the loan that was in the house because he owed much more to note what the house / property is worth ....
One of my questions is my half sister that my father left half of the house is claiming his lawyer told him that by law the bank has to keep sure my father was the first time I originally took out the loan to pay the loan if he died even if he does not pay fees (which he did - my brother had to force him into bankruptcy a decade ago to pay what was behind it otherwise would have lost the house), because it is said ACT since banks began to make mortgage loans in late 1940 / early 1950.
Then she said her lawyer said that since my father was an old man when the original loan was with Washington Mutual, that his being an older person also makes it LAW that banks must carry insurance to pay the mortgage even if lost payments.
Then you think of another story that his lawyer had said that when Obama new mortgage laws implemented, also left the law for banks that made home loans for senior citizens must pay for the insurance on the loan, even if payments and have lost even die during the term of the loan or if you have a loan modification is in the works or even if you die while the house is in foreclosure and has not been sold yet.
My brothther (the other person my dad left the house) is done with the house and wants nothing to do with the house and we are both in the process of finding a new home before moving to the bank sends the 30 days notice to vacate the house. My sister at first was going to move to another house with her boyfriend, but now due to his lawyer (which I think is paying a very bad advice and I do not know anything about mortgage laws in Texas), said that no move out because the house is paid because (according to his lawyer), and if the bank (CHASE WASHINGTON MUTUAL now since merged with them) do not have to