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If your mother is deceased you are the executor and your sister has a mortgage loan with your mother does this loan have to paid off with the money received from the sale of the home?
Wiki User
∙ 18y ago
If the loan is against that property I would think so.Is the sister mentioned on the will as a benificary of the estate.if she is then she may benefit.normally the estate is whats left after everything is paid including mortgages.
Wiki User
∙ 18y ago
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My mother is deceased I am the executor of her estate there was a mortgage on a mobile home and my name is not on the loan so if the mortgage company forecloses am I liable for the loan amount?
If the mobile home and mortgage are in your mother's name alone then you are not personally responsible for paying the loan. However, your mother's estate is responsible for her debts. If the loan isn't paid the bank will foreclose on the property and is entitled to any other assets if there is a deficiency.
How to write Sample letter of intent to assume loan?
How to write a letter to assume a mortgage on house owned by deceased mother.
Your grandmother is a cosigner on your mothers house and your mother is now deceased is your grandmother now the owner?
Signing on a note is not the same as being on the deed. She certainly has a claim on the property, particularly if she helped pay the mortgage.
What are your rights if your siblings disposed of your deceased mother's will and sold your mother property without giving you anything?
Whomever acted as your mother's executor has almost certainly broken the law. Normally a person who dies "intestate" (without a will) would have their estate divided more or less evenly among the next of kin. You should contact an attorney for advice as to how to proceed.
Do you have to pay your deceased mother's credit card bills?
Condolences for your loss. To answer your question, not only no, but hell no! Unless you were a joint account holder, you have no liability for your deceased mother.
My mother is deceased I am the executor of her estate there was a mortgage on a mobile home and my name is not on the loan so if the mortgage company forecloses am I liable for the loan amount?
If the mobile home and mortgage are in your mother's name alone then you are not personally responsible for paying the loan. However, your mother's estate is responsible for her debts. If the loan isn't paid the bank will foreclose on the property and is entitled to any other assets if there is a deficiency.
How can you avoid probate when you voluntarily foreclose on the home of your deceased mother who did leave a will?
When your mother died, the executor took her place. The executor may not act without approval of the probate court. Your forclosure action must be against your mother's estate, as she is deceased, there you must go to probate.
Can the executor sell the deceased car to executor's mother?
As long as the court has approved and the car's price was a fair market value it would be acceptable.
How can you find out how much your deceased mother owes Medicaid or MA?
Unless you are the Executor of your mother's estate, why would you want to know this? Unless the deceased died with assets remaining in their estate, the debt is forgiven.
Can you cash a check made out to your deceased mother?
Not without a Letter of Authority appointing you as the executor of the estate or committing fraud.
How do you claim money from your deceased mother?
If it is a debt, you file the claim with the executor. Otherwise you should receive your inheritance when the estate is resolved.
Can the executor demand the key to my deceased mother's empty house?
Yes, the executor of your deceased mother's estate typically has the authority to request the key to her empty house to fulfill their duties, such as ensuring the property is secured and managing its assets. It is important to cooperate with the executor to facilitate the estate administration process.
What if your father is the sole executor of a will his father left and you would like to know if he dies can your mother become the sole executor?
Alternate ExecutorsThis will depend on the Probate [sometimes called "Succession"] law of the state in which the deceased [who assigned your father as executor] lived, and thus the will was probated.Usually, the will for which your father was named executor will have a statement naming an alternate (s) executor in the event the named executor [your father in this case] is unable, for any reason, or unwilling to serve in that capacity.If there was no provision for appointing an alternate executor then the Probate law of the state in which the deceased lived will determine the assignment of a new executor.In this type of situation, it would not be uncommon for your mother to be named by the Probate Court as the replacement executor [called an "executrix" in the case of a female].
Can the executor for your mother change anything in her will?
The executor has no right to make changes. The only person that can change it is the mother or the court.
I lived with my mother for 33 months prior to her death as her caretaker and paid all household expenses. Can an executor claim back rent from me?
No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.No. While your mother was alive you were living at her home with her permission. The executor has no authority to go back and charge you rent since the executor had no authority over the property before your mother's death.
Can i assume my deceased mother's mortgage without a will?
Unfortunately not. A will is basically the only link/document which can tell the government to back off. Without it, they are able to cease anything and everything.
How to write Sample letter of intent to assume loan?
How to write a letter to assume a mortgage on house owned by deceased mother.
