Legal Question in Real Estate Law in Arizona

My mother-in-law passed away and left her AZ home to her three children with a beneficary deed. The HELOC on the house is more than the value of the house. Can the bank foreclose the property without any consequences for the three beneficiaries?


Asked on 2/12/12, 7:54 pm

1 Answer from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

yes, and you don't have to accept the gift.

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Answered on 2/13/12, 7:17 am


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