We are currently living in the house in the state of Wisconsin. Can I make the regular mortgage payments directly to the bank before the estate settles and I receive the deed.

• If we are able to sell the house (which will be for less than the mortgage) but owe $30,000 at closing -- do we have to pay this out of our personal money.
• Is it legal for us to grant deed the home to the renter and let him continue to make payments. She is also the trustee to his trust which only has one asset, his house. The sister is going to move into the house and parent died refinance property my husband has agreed to give her his half. I am currently living in the home and making the payments.
• You are required to continue with the regular payments.
• Can I file for homeowner exemption before the title is in my name. He recently passed, and my wife and siblings became beneficiaries to the trust.

My mom died in March and my sister and I inherited. Is it possible for Him to refinance on house and put my name on it after he gone, and i am continue making payment and keep the house. My mother passed away with a co-op that she left to my sister and me, in NY State. However; if the child falls behind and the house eventually goes into foreclosure, will the lender come to the deceased estate for the balance of the home, or will they just take the home from the child to whom it was willed. Instantly receive your free credit score and free credit report data online. My husbands father recently passed away leaving my husband and his sister the house - which still has a mortgage.

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Also we were in the process of a loan parent died refinance property modification - what should i do. You can just continue to pay and do not parent died refinance property need to add your names to the mortgage. Riding mowers riding lawn mowers lawn mowers outdoor power.

Must we wait until the will goes through probate to refinance. Can they force me to pay them off or will the Lien just remain on the property. My wife was court ordered conservator over her father. Jan if you are looking to apply for guaranteed installment loans for bad credit or. If so, what is a reference source for the federal law you mention above. Would we be able to get a loan for more than the 80,000 because of the equity in the home.

My mom passed away and left her house to me in her will. My wife went through a divorce five years ago and quick claimed the property to her ex-husband. I'm worried about liabilities down the road.like, if someone gets hurt on the property and sues - can we be liable.

I have lived here for the past 2 years taking care of her and she now has passed. The lawyer said the mortgage company was notified by the city when records was made that we inherited the home but the acutally mortgage remains in the name of my Father and Mother but the owner of the house which is us are listed at courthouse as our property. I am one of six children and not the executor. They wouldn't qualify to refinice the home. I have noitified the insurance company of parent died refinance property this and they changed it into my name.

As in other states, could we, in Ohio, just continue making payments without having to qualify. Can I just continue to make the payments. My sister has agreed to quitclaim in order for me to be sole owner.

Does it matter which bank the loan is with. I live in North Carolina and my uncle recently established a life estate deed leaving me his house in the event of his death. I've been told that the mortgage company can not call in the mortgage that I can continue paying on. The husband has been placed in an assisted living facility recently and the house is up for sale. My wife and I are willing to make the repairs, but her sister does not have an interest in this. My brother (trustee) has agreed the house will become mine, but the title is still with the trust and not filed in my name.

If in doubt, I tell my clients to contact the title insurance company to see what, if anything, they need to do. If you are looking for motorcycle finance, get finance motorcycle bike trader can get competitively priced. What are the legal implications if the property is foreclosed on. Can I deduct these mortgage interest payments on my 2010 and 2011 taxes.

Are there any other options I can take to alleviate this stress. There is an Equity Line, too, with the same Bank. I paid the mortgage instead of paying rent. With respect to a real property loan secured by a lien on residential real. The land would appraise for more than what is owed on the mortgage. I'm not sure about the Fannie Mae rules, but it makes no sense to require paying off a mortgage before refinancing, as then there is no reason to refinance.

Her estate does not have enough other assets to pay debts - does the house have to be sold to pay off the debts, with the balance left going to friend, or can friend simply keep paying mortgage and keep house. A friend's husband passed away in Dec 2011, she asked if I could look into her bank's notice that she was required to refi. The complete letter writing made easy for ladies and gentlemen. I will like to keep the property, but how can i.

, manufactured and mobile homes mobile homes de venta en ukiah can for sale or rent in california. The deed is still in my deceased parents names. We are unable to afford the second home and wish to transfer the title to the renter. Not to my knowledge - I think that would be dealt with in the policy itself. There is a $70,000 mortgage on the house that is more than the house can be sold for. I went to a lender to get a mortgage and they said it can not be a purchase with a traditional mortgage and I would have to refinance and buy out the other six since I can't buy a house from myself.They also said my signed agreement is meaningless.does that sound right.

It would appear from reading this blog that under 12 USC ” 1701j-3(d) parent died refinance property if she can continue to make the pmts she cannot be forced to refi. If he passes away and the house is not sold and ownership transfers to my husband, are we responsible for the mortgage. They were both responsible for the mortgage.

I called a real estate attorney here in Arkansas and they said the bank CAN force me to refinance and she had not heard of the Garn-St.Germain Depository Institutions Act of 1982 that you quote here. I recommend that you consult parent died refinance property with an estate attorney. Be sure to hire a lawyer to assist with the administration of the estate/trust, as it may be possible to eliminate or reduce the debt during that process. Learn what is considered to be a good credit score number. It sounds like I can continue paying the mortgage without having to refinance. My friend and I are on the deed to our primary residence with rights to survivorship.

I want to buy my mother's house from her estate parent died refinance property and/or buy out the other six beneficiaries. My mother passed away and the home I reside in is in her name, as well as the mortgage. Efile your tax return directly to the irs.