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Who pays for mortgage until estate is settled?
The executor of the will would be responsible
Transfer real estate property by will?
The transfer is done by the executor of the estate once the estate is settled. The will indicates who gets the rights in the property, but they are still subject to mortgage and liens and other items.
Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
How does a Joint venture between a real estate company and mortgage company work?
A joint venture can take different forms depending on the agreement between the parties. A business arrangement between a mortgage company and a real estate company may simply consist of the real estate company referring all its buyers to the mortgage company for financing.
Is the spouse responsible for the deceased spouse's medical bills in Virginia?
In Virginia, as in all states, the estate is responsible for all the debts of the deceased. That means before the estate can be settled, all medical bills have to be cleared. If there is not enough in the estate to cover them, the husband may not get anything.
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
Who is responsible for a debt incurred by the decedent after the estate has been settled?
no one unless their name was also on the debt. like a combined credit card, or a two party mortgage. the advertizement by the executor for any claims against the estate allows for claims to be made under a certain time frame. after that the estate is settled, depts paid and estate closed or probated.
Who is responsible for mortgage debt after death?
The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.
How does a surety agreement work in a real estate mortgage in case of foreclosure?
It may be enforced through a lawsuit if the foreclosed property is not sufficient to pay the actual debt.
What happens after probate if a house is involved and a beneficiary wants to keep it?
The beneficiary can buy the property from the estate. That means the mortgage must be settled and the price must be market value.
What means is 'mortgage value' as related real estate?
what means 'mortgage value' as the real estate property
Can a bank foreclose on a mortgage before the estate is settled?
Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.Yes, if the bank has given notice to the estate representative or the heirs.
