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Deceased brother left me three properties(w/mortgages). Will lenders let me assume all 3 loans?

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gailute Joined: 23 Feb 2011 Posts: 1 1.00 Dollars($)	Posted: Wed Feb 23, 2011 7:18 pm    Post subject: Deceased brother left me three properties(w/mortgages). Will Like 0 Dislike 0 If I do a Simple Assumption on deceased brothers investment homes, can or will any unpaid medical bills appear as liens on /all of these properties? Also, since there is more than one property, will I be able to assume all or will the banks find out and say no? Can I give one of the properties to my other sibling, let him assume the loan, even though all properties/mortgages were left to me?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Wed Feb 23, 2011 10:16 pm    Post subject: Like 0 Dislike 0 Hi gailute, If your name is mentioned on the property deed, then your creditors can place a lien on the property. However, if you remove your deceased brother's name from the property, then his creditors won't be able to place a lien on the property. You can even let your other sibling assume the loan and get the property transferred in his or her name. Thanks

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