Legal Question in Credit and Debt Law in Indiana

life estate

If a person has a life estate does that person or the remainderman have the right to obligate the house as security of a debt. can a company foreclose on the person having the life estate if they were not a party to the transaction


Asked on 4/09/09, 10:11 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: life estate

The life tenant poses a real problem for the mortgage company. I suggest getting to a lawyer ASAP if there is a foreclosure started.

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Answered on 4/10/09, 12:38 pm


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