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Death of mortgagee

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val122 Joined: 11 Jan 2011 Posts: 1 1.28 Dollars($)	Posted: Tue Jan 11, 2011 7:56 am    Post subject: Death of mortgagee Like 0 Dislike 0 Is person named on quit claim deed resposible for mortgage upon death of grantor?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Jan 11, 2011 10:50 pm    Post subject: Like 0 Dislike 0 Welcome val, If the person's name is not mentioned on the mortgage docs, then he or she is not liable for paying off the mortgage dues. _________________ Procrastination is the enemy of your financial success
LarryA Guest	Posted: Fri Mar 11, 2011 10:40 am    Post subject: Auction sale Like 0 Dislike 0 Home was sold at auction (yesterday) for more than judgment amount. Since both borrowers are deceased, what is the next step? Thank you
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Mar 13, 2011 9:53 pm    Post subject: Like 0 Dislike 0 Hi LarryA, May be the heirs of the borrowers will be able to get the money. Nevertheless, it will be better if you could contact a real estate attorney and take his help in this matter. _________________ Procrastination is the enemy of your financial success

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