---

How death affects foreclosure proceedings?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
cynthia021970 Joined: 01 Aug 2008 Posts: 1 1.29 Dollars($)	Posted: Fri Aug 01, 2008 6:32 am    Post subject: How death affects foreclosure proceedings? Like 0 Dislike 0 What are TX laws, if any, to avoid foreclosure when the home owner died and the will still has to be probated?--no operating capital to pay mortgage?
Guest	Posted: Sat Aug 02, 2008 5:18 am    Post subject: Like 0 Dislike 0 Hello. The beneficieries should get thier name on the mortgage and make the mortgage payments? Are you late on the mortgage payments?
cc Guest	Posted: Sat Aug 02, 2008 5:22 am    Post subject: death and foreclosure Like 0 Dislike 0 Yes, the person died two months behind and the will is a bit messing and probate will take a while. There are no available funds to pay the note without ownership/heirship being determined through probate so I was wondering if there were any rules or laws that could keep the house from being foreclosed on until things settled out. Perhaps wishful thinking on my part, as everyone wants to get paid.
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Sat Aug 02, 2008 5:40 am    Post subject: Like 0 Dislike 0 Welcome cynthia. I am not sure whether there is any such law or not but you should contact the mortgage company and inform them about the death of the owner. None wants foreclosure. It will be a huge loss on their part too. Can the beneficiaries refinance the loan on their names? If they can refinance and make the monthly payments then I feel the mortgage company will not foreclose. _________________ Good is the Enemy of Great.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0