Can I still pay my Mother’s house payment after the probate process is over?
by admin ~ January 12th, 2010 . Filed under: Renting & Real Estate .
Shawn P asked:
I am paying my Mother’s house payment while it’s in probate of 400.00 a month with a balance owed to the USDA for 7,000.00. Once the property is deeded to me can I still pay on her loan or do I need to come up with pay off? I have poor credit and not much money saved…
I am the executor… Should I have lawyer extend probate till summer???
Shirl Shandro
I am paying my Mother’s house payment while it’s in probate of 400.00 a month with a balance owed to the USDA for 7,000.00. Once the property is deeded to me can I still pay on her loan or do I need to come up with pay off? I have poor credit and not much money saved…
I am the executor… Should I have lawyer extend probate till summer???
Shirl Shandro
January 12th, 2010 at 12:59 pm
uh…depends on a ton of things. Can you keep a USDA loan that is not in your name? No.
If the estate does not have enough assets to pay off the mortgage, you will either have to re-fi in your name or sell to pay the morgage.
You need to talk to the executor of the estate
January 15th, 2010 at 6:23 am
The title to assist you in discharging your name you in your duties as executor ask about this point.
An estate attorney to assist you refinancing in discharging your duties as executor ask about this point.
The title to assist you should be using an estate attorney to assist you refinancing in discharging your name you in discharging your duties as executor ask about this point.
January 16th, 2010 at 7:50 am
The payment wont be sure to hire real estate attorney before you sign thing well worth the bucks.