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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!
What else can I help you with?
If a person is dead can a bank foreclose?
Yes. They'll foreclosure against the estate.
Can a check written by a deceased person be cashed?
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.
If you own two homes can you foreclose on one and the bank not take the new one your living in?
The bank will only take the home they foreclose.
What can happen to a person who receives a property through right of survivorship and can't afford to pay the mortgage?
If the person is unable to pay, the bank can foreclose.
Can a bank foreclose if you dont pay on a second mortgage?
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
Who is responsible for a deceased person credit card?
Bank's Insurance company
Can the bank foreclose on eighty year old person?
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.
What does a bank need if a deceased person has certificate of deposit or accounts in their bank?
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.
How do you get access to a foreign bank account when person is deceased?
File for probate in the country where the bank account is held.
If a couple divorce and a quitclaim deed is to the bank can the bank foreclose on the house?
yes
Who can ask for bank statement of deseased?
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.
Can a mortgage company foreclose when the mortgagor sold property and new owner cannot pay?
Yes. Property remains subject to a mortgage until the mortgage is paid off. If a person purchases property that is subject to a mortgage that the seller granted to a bank, the new owner must pay the mortgage or the bank can foreclose.
