A bank can not foreclose on a deceased person. A bank forecloses on a piece of property when the mortgage has not been paid. There is a difference.
If the deceased person had the money in the bank to pay the mortgage and the will is in probate, someone should tell the probate judge about the situation. In this state the probate judge has the authority to pay the mortgage. He also has the authority to make the car payment.
The probate judge will not do anything unless someone tells him!
Yes. They'll foreclosure against the estate.
It is highly unlikely that a bank will cash a check written by a deceased person. The bank has no way to verify that the check was written before the death.
The bank will only take the home they foreclose.
If the person is unable to pay, the bank can foreclose.
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
Bank's Insurance company
File for probate in the country where the bank account is held.
They actually don't need anything. However if someone needs to withdraw the money from that account of the deceased person they must:provide proof that the person is actually deceased (A death certificate)provide proof that he/she is the legal heir of the deceased (A will or a relationship proof that they are the son/husband/wife/daughter of the deceased)Once the bank verifies these documents, they will release the funds from the deceased persons accounts to you. Without these you cannot take any money from that account.
Yes. Age is no barrier to a creditor suing on an unpaid debt. On a foreclosure matter, looking at it from the bank's point of view, it might have a legal obligation to foreclose in order to ensure that the bank's assets are not wasted.
yes
The executor of an estate as appointed by the decedent's will and approved by the Probate Court can request bank statements of a deceased person. An individual who jointly owns the account with the deceased can also request bank statements.
Yes. The bank would ask for proof that you are the deceased person's legal heir and also proof that the person is actually deceased (death certificate). Once you provide these two items, the bank will cash the check for you. Without them the bank will not take up the request.