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The decision to allow the executor to modify an existing mortgage is up to the lender. The executor could refinance the property with a new mortgage if allowed by the court.

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16y ago

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What is the process for exercising the puttable option upon the death of the holder?

When the holder of a puttable option dies, the process for exercising the option typically involves the executor of the deceased holder's estate contacting the financial institution or broker where the option is held. The executor will provide the necessary documentation, such as a death certificate and proof of authority to act on behalf of the estate, to initiate the exercise of the puttable option. The financial institution or broker will then facilitate the exercise of the option according to the terms outlined in the option agreement.


Why do they need to get Without Bond from Master Charge to start proceedings with an Estate account?

It could be MC is being used as a surety. Sureties are used to protect the estate they can be personal or corporate. Either the executor of the estate is required to post a bond (unless the will prohibits it) or the surety option is used.


What is debt modification and can this option help settle negative equity in home ownership?

what is debt modification


Where can someone find information on estate taxes?

You can look at sites online that offer the option to find information on estate taxes. You can try Nolo and any government based sites for your area.


What is the cost of buying a property in Dallas Texas?

Not as expensive as you may think and leasing is always an option, get it touch with someone from the real estate industry in Dallas.


How can I find real estate for my company?

Finding real estate in New York can be a very intimidating process. The best bet is to know someone, but if that's not an option the local newspapers can be a surprisingly good source of rental information.


What are the key differences between a real estate ETF and a REIT, and which one would be a better investment option for someone looking to diversify their portfolio in the real estate sector?

A real estate ETF is a fund that invests in a diversified portfolio of real estate-related assets, while a REIT (Real Estate Investment Trust) is a company that owns and operates income-producing real estate. The key difference is that a real estate ETF provides exposure to a variety of real estate assets, while a REIT focuses on owning and managing specific properties. For someone looking to diversify their portfolio in the real estate sector, a real estate ETF may be a better option as it offers broader exposure to different types of real estate investments, reducing risk compared to investing in a single REIT.


Where can one find real estate for sale in Puerto Vallarta?

Someone looking for real estate for sale in Puerto Vallarta can find it in the local Puerto Vallarta newspaper, or online. By checking in the local paper, a person can see what real estate would be available for purchase. Also, checking online is a good option if someone isn't able to get a local paper from Puerto Vallarta.


What does pending in real estate mean?

What does option pending mean?


Where can someone find real estate listings for Evanston Illinois?

One can find real estate listing for Evanston, Illinois through online sources such as the website Realtor and Coldwell Banker. Another option is to look in the local paper in the homes for sale section.


If an Estate incurs a bill on horse board from the time of passing til they sell who is responsible for the debt if it goes over the value of the estate?

A Will has either an Executor (male) or Executrix (female) and sometimes Wills may have more than one Executor or Executrix or both. By law an Executor or Executrix has the right to decline acting out in this capacity and letting a lawyer or Trustee handle the Will. The Will goes into Probate in most cases and this means that any property taxes, personal taxes and all debts are paid. The Executor or Executrix (or if there are two parties they can pay the bills) or their option is to sell the horse(s). The best thing to do (if you can afford it) is keep simply bookkeeping (debit/credit and balance) and mark down who paid what. Once the Probate is completed (takes approximately 6 months to a year) then the Estate is divided according to the Will and you must be paid what you had to pay out of your own pocket. Since this is slightly a more complicated issue it's best to seek legal advice, or, you could go to a CGA and they will help you. When I did the Probate on my own for my husband's mother's Estate I keep simple bookkeeping (debit .... what was being paid out and 'credit' .... what was coming into the Estate) and then I went into a CGA and had him go over the books and file income tax for me.


What can you do if you can't afford to keep the life estate?

Do you have the option of letting it revert to the person or entity who will own it when the life estate would end?