Legal Question in Wills and Trusts in District of Columbia
we inherited a house in washington, d.c. that is about to go into foreclosure. It has a reverse mortgage on it and has a balance of $153,000. It's been on the market for 3 years and no offers. Can the bank go after the heirs if it only sold for $100,000?
Asked on 2/27/11, 4:36 pm
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
No. The bank cannot go after the heirs.
Answered on 3/02/11, 2:04 pm
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