LIVING IN A PROPERTY OF A DECEASED WHICH NAME IS ON PROPERTY AND THE PERSON LIVING THEIR HAS THEIR NAME ON THE MORTGAGE ALSO AND HAS PAID THE MORTGAGE TO DATE ?
CAN AN EXECUTOR OF AN ESTATE FORCE A PERSON?
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Posted by Theresa in Real Estate on Jul 31, 2010
LIVING IN A PROPERTY OF A DECEASED WHICH NAME IS ON PROPERTY AND THE PERSON LIVING THEIR HAS THEIR NAME ON THE MORTGAGE ALSO AND HAS PAID THE MORTGAGE TO DATE ?- Force them to do what? If your mom onwed a house and you are both on the mortgage and she died, it may be due, they might have to sell , and you might have to pay if you can't finance as a sole owner. IN addition depending on how you held title, her 1/2 might belong to her estate and you may have to buy it out. Not enough info. Try an estate lawyer
- It would help to know what they are forcing them to do. If it is forcing a sale, yes, if the deceased has outstanding debts their assets HAVE to be liquidated to pay them. You can not keep the house and tell the debt holders to kiss off. You would however be allowed to give 50% of the property value (appraised) to the estate with the probate judges blessing.
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