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My mompast away last year, Am I responsible for her house payments? It is in pre forclosure.Iam the execture of the estate.
Palm Harbor, FL
Viewed 12 times.
Posted 7 months ago in Foreclosure
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what is my resposibility in all of this
Answers (1)Ronald Anthony Sarno
This attorney is licensed in New Jersey and 1 other state.
Posted 7 months ago.
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You are responsible for paying estate debts with estate funds, not with personal funds.If the estate has more debts than assets,you may want to discuss with the probate court declaring the estate insolvent. Do not listen to any demand from the Lender for money from you. You are only personally obligated if you guaranteed the debt,not otherwise. As executor you are responsible for turning over the asset to the Lender,but make sure the other fees are against the estate, not you. You might need a probate attorney to help you with this.
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