Isn't it the executor supposed to pay for insurance and taxes on real estate holdings out of estate $ until the assets are sold?
Yes. The Executor should pay such expenses where the estate has sufficient funds to do so.
Latham, NY
Real estate Lawyer at Latham, NY
Practice Areas: Real Estate, Trusts
Yes. The Executor should pay such expenses where the estate has sufficient funds to do so.
Unfortunately, not every mortgage is assumable. The original closing documents must be reviewed to confirm that the mortgage is assumable. If the...
I agree with my colleagues. I would however do a title search to confirm it was not recorded. I would also have an attorney prepare the...