Death and Divorce Don’t Get Sympathy from Loan Servicers

Detroit Free Press, Mar. 22, 2016–Tompor, Susan

Some families face foreclosures after a spouse dies, the money is tight, and the mortgage is only in the name of the deceased. ustin Wiseman, director of loan administration policy at the Mortgage Bankers Association, said situations can be complex, such as when multiple successors apply for different loan modifications the same mortgage, or when privacy issues come into play.