If you are the son and executor of your parents' estate can the mortgage lender force the sale of the real property after finding out your parents are deceased being the original borrowers on note?

No, in fact, you can have as many co-executors as needed. However, as you can imagine, the more co-executors you have, the more complicated administering the estate becomes. I always suggest that only one executor is named, followed by an alternate executor if the original executor cannot act, or has pre-deceased the testator.

Refinancing a mortgage can sometimes save money in the long run. Many times the original lender can modify the loan. Other times borrowers can find a new lender to purchase the loan from the original lender.

The court will appoint a new executor. It can be another family member, an attorney or a bank.

The mortgage must be paid. When a property has been encumbered by a mortgage the property remains subject to the mortgage even if the title is transferred or the original owner dies. You need to pay off the mortgage or make arrangements with the bank to transfer it to your own name. If the mortgage isn't paid the bank will take possession of the property by foreclosure.

Yes. The court will notify the original executor they have been removed although they should already be aware there are problems with their fulfillment of their duties. If they didn't request to be removed as executor then the beneficiaries requested their removal. They are required to file an account detailing their activities regarding the estate assets. The original executor does not have to be notified if the situation is one where a person during his/her lifetime makes a new will in which a new executor is named.

The original must be presented to the probate court to be examined and allowed along with a petition by the named executor to be appointed the executor. In order to commence the probate proceeding the original must be turned over to the executor. You should consult with an attorney who specializes in probate.

It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage. The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage. It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage. The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage. It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage. The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage. It is up to the lender whether the mortgage can be assumed. If the lender approves the assumption it will draft documents that will free the original mortgagor from the obligation of the mortgage and the person assuming the mortgage will need to sign to assume the debt and obligations under the mortgage. The original mortgagor can't get out from under a mortgage obligation by simply selling a property that's subject to a mortgage.

Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.

Not much, other than the son/executor would be responsible for reimbursing the estate for the money put forward for burial, unless said money was used to purchase the other grave site.

Home equity loan refinancing means paying off an existing mortgage with the proceeds from a new loan, using the same property as collateral. It is a second mortgage. It is important to note that you may be subject to the same costs you paid to get your original mortgage, including settlement costs, discount points and other fees. A prepayment penalty may apply for paying off the original mortgage early. The amount you save will vary depending upon factors such as interest rates, refinancing costs and tax consequences. Borrowers may have the option to refinance from an adjustable rate mortgage with a high interest rate subject to increases to a lower fixed-rate mortgage.

Form 1310 is Statement of Person Claiming Refund Due a Deceased Taxpayer. Form 1310 isn't filed in two situations. One, a surviving spouse is filing an original or amended return with the deceased. Two, a personal representative (executor or administrator) is filing an original return for the deceased. The personal representative must attach to the tax return a court certificate showing the appointment as personal representative by the court. For more information, go to www.irs.gov/taxtopics for Topic 356 (Decedents).

One needs to refer to the original mortgage document to determine the title, address and capacity of the original MERS entity that stood as mortgagee. One needs to refer to the original mortgage document to determine the title, address and capacity of the original MERS entity that stood as mortgagee. One needs to refer to the original mortgage document to determine the title, address and capacity of the original MERS entity that stood as mortgagee. One needs to refer to the original mortgage document to determine the title, address and capacity of the original MERS entity that stood as mortgagee.

To ensure that you officially release the specific mortgage that has been paid off or satisfied, a discharge of mortgage, or "release of mortgage" will require the following informtion: Original mortgage information Original lender Date Original principal amount Recording information (County, and book/page or Document No#) Borrower's name Property Addresss The release of mortgage needs to be signed by the current mortgage holder of record. The person signing the release needs to have the discharge executed in front of a Notary Public.

You would have to file for probate in the court where it will be assigned to a judge. Then you could recommend an executor, a creditor could, or any interested party. The judge would make the decision at a hearing.

The individual has his or her will amended to show the new named executor or executrix. The amending will need to be witnessed and notarized (preferably) in the same manner as the original document, but not neccessarily by the original witnesses. An executor or executrix who has been appointed by the probate court or was named by the testator (testrix) must be relieved of the responsibility through the court.

kate, garret, carmen, eleazer and tanya Original members: Tanya Kate Sasha(deceased) Vasilii(deceased) Irina(deceased)

The executor needs the original so it can be presented to the probate court for examination. If the court allows the will and proves it is the last will of the testator, it will appoint the executor. Only then will the executor have any legal authority to settle the estate. You should consult with an attorney who specializes in probate law.

A mature mortgage has usually amortized and paid itself out. If it has been paid out the mortgage lender will send you your original Security deed back.

One can get a cash out on the mortgage on their home when one plans to refinance. The refinanced mortgage is higher than the original mortgage, so one is able to keep the leftover cash.

First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate. First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate. First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate. First, there must be a good reason to request the removal of the original executor and the appointment of the successor. If the first executor committed failed to perform their duties according to the law and/or caused a waste of the estate assets the court could order them to reimburse the estate.

they are deceased except otis williams

You must first be certain that what you have is the original (and not a copy) of the Will and that this is the LAST version of the person's Will. The Will usually appoints an executor who is responsible for carrying out what the Will sets out. The Will should be given to the executor(s) along with the death certificate and all the information you can find relating to the persons bank accounts, shares and property holdings (all that the deceased owned). The executor(s) will then prove the Will in a court of probate and once that has been done and any outstanding taxes and debts have been settled, they will distribute the estate (the dead persons property) as the Will instructed.

How do I file for a title on a motorcycl when the title is messes up and the original owner is dead and the original guy that the motorcycle from the deceased moves out of state and sold the bike to me. I also cant get ahold of that guy that original bought the bike from the deceased

Deficiency judgments are allowed in Pennsylvania if the mortgage company files a separate lawsuit against the borrowers after the original foreclosure auction. If the mortgagee (usually the foreclosing bank) purchases the property at the auction, the amount of any deficiency judgment is limited by the fair market value of the property.

That's difficult to say without knowing the terms of the original contract and perhaps the way the property is held under state law. The lender can accelerate the loan making the entire amount owed due upon demand or demand the property be refinanced by the present occupant(s) or other action. Another contributing factor is how the property was partitioned under the state probate laws.