Legal Question in Real Estate Law in Nevada

Re: Home Equity Loan Liability

You will not be personally responsible for the new loan unless you sign on the loan documents. From the information you have provided it appears that a lien will be placed on the property in Nevada. That lien would need to be satisfied upon sale of the home. If your husband died, the home would pass according to the will or under the statutes of the state in which he was living, when he died (except in some circumstances). The lien would still be on the home after his death and would have to be satisfied upon sale or by whomever received the home upon his death. The liability would be with the property, but not you personally.

Re: Home Equity Loan Liability

Hi. In my opinion you would not be liable on the

loan if something happened to your husband. The

Nevada property and Florida property are non-marital property. The mortgage company could

always seek to recover from your husband's

estate, but you personally would not be liable.

I suggests that you put any and all real estate

that you and your husband own together in a trust. Will be happy to answer any additional

questions that you may have.