The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
The estate must be probated. You should contact the attorney who is handling the estate and the bank to discuss your purchase of the property. You would need to pay off the bank and obtain a deed from the duly appointed administrator of the estate. Generally, the administrator may need a license from the court to sell the property. You should consult with an attorney who can represent you, negotiate for you and make certain the purchase is done properly.
The bank will take possession of the property by foreclosure. If the mortgage is in the deceased parent's name it will not affect anyone's credit.
Yes, your vested interest could be cut off.
You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.You can check with local bankers but that is unlikely. A mortgage is a security interest a property owner grants to a bank. If the mortgage isn't paid the bank can take possession of the property by foreclosure. If you don't own the property you cannot grant an interest to a bank.
If you own an interest in property as an heir and the property was sold without you joining in. You still own your interest.
since the deed is in joint tenancy,to my understanding, the deceased name will come off the property once the death certificate is recorded in that county for the deceased,if I am understanding the question right.If the house is in foreclosure,the first person with the first lien against the property will be paid first at the time of the actual sale of the property.
If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject to the mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.If your husband mortgaged his property prior to adding your name to the deed then you acquired your interest subject tothe mortgage and the bank can take possession of the property by foreclosure. Your "interest" was encumbered by the mortgage. If you want to keep it then you must pay the mortgage.
Your son can only sell his own interest in the property if you are a co-owner. However, he will have trouble finding a buyer for his interest because the bank is taking possession of the property by foreclosure. His selling of his interest would not stop the foreclosure unless his buyer paid all the outstanding debt on the mortgage. If he did find a buyer the buyer would become a co-owner with you. He cannot sell your interest. The foreclosure will affect your credit record as well as his.
Not unless they were listed on the deed of the property that was foreclosed. The estate is responsible for settling the debts.
All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.All the owners of the property must sign in order for the lender to have the authority to take the property by foreclosure in the case of a default. A prudent lender will not loan money on a half interest in real property since they could not take possession of the non-borrower's half interest if the loan wasn't paid.
Is this property in pre-foreclosure or just foreclosure May I please get all the details on this property
A mortgage in default can be foreclosed no matter how many times you quitclaim it around the family. Every person who receives the property by a quitclaim deed takes it subject to the mortgage. You may slow down the process a little and add to the costs of the foreclosure but the foreclosure rides on the person who had title at the time of the mortgage. THEY gave an interest in the property to the bank in exchange for cash. If the cash was not paid back the bank is going to take possession of the property. Subsequent owners only need to be given notice of the proceeding.
My father is deceased my mother used quitclaim deed to sell property what about the kids do fathers interest pass to kids