Mortgage on Inherited House
This is a discussion on Mortgage on Inherited House within the Wills, Trusts, Estates forum, part of the FAMILY LAW, DIVORCE, CUSTODY category; When I die my 2 daughters will inherit my house. They would sell it ASAP and split the money. I ...
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Oct 5th, 2009, 11:25 AM
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Mortgage on Inherited House
When I die my 2 daughters will inherit my house. They would sell it ASAP and split the money. I have a mortgage on it and owe $30,000. This is my entire estate - I have no other assets or real savings to speak of. Will my daughters end up paying my mortage and real estate taxes until the house is sold? In the event they cannot afford this, does the house go into foreclosure? Thank you.
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Oct 6th, 2009, 10:50 AM
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Re: Mortgage on Inherited House
Yes, they will.
Until the house is sold? Do you plan on leaving it to them under the stipulation they sell it? |
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