My deceased mother's home is being foreclosed o – Q&A – Avvo – My deceased mother’s home is being foreclosed on – can I be sued as an heir for the difference if they don’t get the full value? My mother died in March of 2011. She had a will that left her home.
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A 1982 federal law makes it easy for relatives inheriting a mortgaged home to assume its mortgage as well. For example, your deceased parent may have left you a mortgaged home.
Both my parents died, leaving a house and major debt behind. I have power of attorney. The bank is threatening to foreclose. What should I do? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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Responsible for deceased mother's mortgage loan – Responsible for deceased mother’s mortgage loan by: Debtcollectionanswers.com I am so sorry for your loss. I know that you are dealing with a lot right now. Hopefully, my advice will make your life a bit easier. Your mother’s mortgage must be paid or the bank will foreclose on the property eventually.
I am a law school grad with a Juris Doctorate Degree and 35 years legal experience, much of it in real estate. The people who tell you that the bank can foreclose on a deceased person or that the foreclosure is against the property and not the homeowner need to shut up.