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Your parents' property will pass to their heirs at law according to the state laws of intestacy when their estates are properly probated. You can check the laws in your state at the related question link.
The mortgage must be paid or the lender will take possession of the property by foreclosure. If you want to keep the property then you must make arrangements to pay the mortgage. Some mortgage agreements allow assumption by a family member after the death of the original mortgagor.
In the case of real property the parent's estate must be probated in order for title to the property to pass to the heirs legally. You should consult with an attorney who specializes in probate law in your area.
What else can I help you with?
What happens to the direct deposit of my payroll if my house is foreclosed?
Nothing happens. You still get the money in your account. They just want the house, not your money.
How get property out of mortgage in monopoly?
In Monopoly, to get a property out of a mortgage, you need to pay the bank the mortgage value of the property plus 10% interest. Once you pay this amount, the property is no longer mortgaged and you can develop it with houses or hotels. You can also trade or sell the property to another player while it is still mortgaged, but they will need to pay the mortgage amount to the bank when they take ownership.
Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
Can you demolish a house that still has a mortgage on it?
Yes, a house with a mortgage can be demolished, but the mortgage would still need to be paid off even if the house is destroyed.
Can you tear down a house if you still owe on it?
No, you cannot tear down a house if you still owe on it because the house serves as collateral for the loan, and destroying it would violate the terms of the loan agreement.
What happens if a player lands on another player's mortgaged property in Monopoly?
If a player lands on another player's mortgaged property in Monopoly, they do not have to pay rent, as mortgaged properties do not generate income. The owner of the mortgaged property can still unmortgage it later by paying the mortgage value plus interest, but until then, it does not collect rent. Players can still trade mortgaged properties, but the mortgage status must be disclosed.
Can you charge for owning 2 railroads in monopoly if one is mortgaged?
If a person lands on the mortgaged station, they don't have to pay. If they land on the other, they pay what they normally would (because you still own the mortgaged station).
What happens if house arrest is not revoked?
Then the person would still be under house arrest.
What happens to the direct deposit of my payroll if my house is foreclosed?
Nothing happens. You still get the money in your account. They just want the house, not your money.
If your parents give you permission to move out at 17 are they still responsible if something happens to you?
Generally speaking, if you have not been emancipated, then your parents can still be held responsible.
Can a 17 year old move out of their parents house and into the house of another adult?
Without their permission they will have to wait until they are 18. The parents are still responsible for them.
Can a 17 year old out of there parents house in Kentucky?
In Kentucky the parents are still responsible for them. They live where the parents say until they are adults.
I want to leave the house by the time I'm 17 and 9 months can my parents still call the caps on you?
i want to leave the house by the time im 17 and 9 months can my parents still call the caps on me ?
If your pregnant can you move out of your parents house in Florida?
If you are 18 or older. If not you are pregnant minor and still your parents responsiblity and they can tell you what to do.
Can your daughter get married on virtual familys?
Your daughter can get married after the parents die......but during the time when the daughter is still in her parents house she can not.
Can a 17 year old pregnant female move out from her parents house?
If the parents give permission for her to do so. Otherwise, she is still a minor and the parents are responsible.
Can a seventeen year old move out of their parents house with their boyfriend?
No, they are still a minor. The parents are responsible for the child until they reach 18.
