– My deceased father’s house is now in foreclosure due to my brother’s using a foreged deed to "super" mortgage the house before my father was even dead. Is it possible to stop the foreclosure?. My parents home is in a Living Trust. Both are now deceased.. What is a deceased foreclosure and can it be used if there are three names on the.
You have a great variety of responsibilities as the court-appointed executor of an estate, including property management. If property of the deceased is in foreclosure, you must deal with the matter as soon as possible as you have a legal obligation to pay estate creditors and protect the deceased’s assets.
My deceased parents home was foreclosed on. The property was in their name but I am the executor of the estate, do I – Answered by a verified Real Estate Lawyer
Although most home loans contain a due-on-sale or acceleration clause that allows a lender to demand immediate and full payment upon transfer or sale of the home, transfers due to death are exempt. This means your heirs would take on your home loan with the same interest rate and payment you have.
Both my parents died, leaving a house and major debt behind. I have power of attorney. The bank is threatening to foreclose. What should I do? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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I have a question about Foreclosure on a home of a. – I have a question about Foreclosure on a home of a deceased parent.? Three years ago my mother in law died. leaving a over mortgaged home. The home is worth only about 10,000, with all the problems it has, however her loan is through citifinantial and is over 40,000.
It would be nice if liens and mortgages disappeared into thin air when the owner of the land dies, but that is not the case in this country. A lien represents a debt and is secured by the land.