Legal Question in Real Estate Law in Florida

Property of deceased w/open line of credit

Father passed away leaving

property with an open line of

credit of 25,000.Property

valued at 96,000.What

happens now?Do I assume line

of credit or do i have to apply

for a new loan?


Asked on 5/15/09, 2:38 pm

1 Answer from Attorneys
Richard Stoffels Stoffels Law Group

Re: Property of deceased w/open line of credit

Check with the bank. They will decide. Often banks will allow you to assumen loan, but not always.

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Answered on 5/15/09, 2:46 pm


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