Can I still pay my Mother’s house payment after the probate process is over?
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
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
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