0
If your mother dies without a will and owns a house with a debt what happens?
Wiki User
∙ 16y ago
If she had insurance to cover the balance owed, then the debt could be eliminated and the Probate judge will consider ownership according to remaining heirs- husband and children. If she did not leave money to pay the balance, the mortgage holder may or may not allow you to assume the loan, depending on your personal credit record. The mortgage company may exercise an option to repossess the property if the heirs can not pay off the remaining note.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is write down debt holding?
what is write down debt?
When was You Debt Your Life created?
You Debt Your Life was created on 2011-02-20.
What happens at chapter 13 creditors' meeting?
Chapter 13 bankruptcy is different than chapter 7 in that you will essentially be reorganizing your debt and coming up with a payment plan. The creditors meeting involves filing a plan with the bankruptcy court suggesting how you will repay your debt. Some debts must be repaid in full while others require only a percentage or nothing at all.
You received a summons from clerk of court giving 20 days to respond on a past credit debt what should you do?
Write a response as to why you haven't paid the debt, or why you should not have to pay the debt.
What is Rick Ross income?
hes in debt
Can a debt collector come to your house without prior notification?
No he certinally CANNOT. It's not allowed. Not legal.
How do you pay off medical bills without selling the house?
Sell other assets to resolve the debt. Or take a loan out against the house.
Your mother had work done on her home a few years ago before she passed you put the house in your name do you have to pay the debt?
Yes.
Can you get a home equity loan on a house that is paid off without a job?
Yes you can, depending on your debt and credit score.
If we transfer the house to a different person after the death of the owner what happens to the credit card debt of the decedent?
You can't transfer the house until the debts are resolved. The house may have to be sold to pay the credit cards.
What happens to the past due portion of of mortgage if you file bankruptcy and plan to retain the house?
Listen...you are NOT keping the house without paying the mortgage past and present as agreed. No, BK will not discharge your debt, past or future obligation, and let you keep the property it is secured by. You need professional advise and consult.
Is it legal to make a mother to repay her son's debt?
I am not an attorney, but if I were asked to judge I would say that if the mother somehow took part in the debt, by co-signing for example, or if the son is a minor and under the mother's authority, then she is responsible for the debt. If the son was an adult and the mother made no legal agreement, then no, she is not responsible for the debt.
What may debt collectors do?
can a debt collector come to your house to collect a debt
If your house is repossessed due to a secured loan and there is not enough equity to pay the loan what then happens to the secured loan?
You will be liable to pay the debt outstanding.
Can your home be taken for debt owed?
If it is a debt against the house.
What happens when debt can't be validated?
Legally there is no debt, if it can't be validated.
If a relative who is on the deed to your house owes an outstanding debt can the debt collector put a lien on your house?
how has a crush on me
