Unpaid mortgage

Asked by Jackie, 48197 Tue Jun 25, 2013

If a parent dies and the house is lived in by the children who are unable to continue to make the payments, are they able to sell it for what it's worth? Can they short sale it or does it have to go back to the bank?

Help the community by answering this question:

+ web reference
Web reference:

Answers

1
Barbara Gran…, Agent, Anaheim, CA
Tue Jun 25, 2013
Hi Jackie,

First of all, how is the child acquiring title? Did the parent leave a Will or a Trust? Does the property need to go through the probate court? There are many issues before you that should be addressed by an attorney. He/she can best advise you.

Good luck,

Barbara Grandolfo
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Ypsilanti Zip Codes

Email me when…

Learn more