Legal Question in Wills and Trusts in Michigan
My father in law passed away in January and his house recently went into foreclosure,we recieved a letter stating the petitioner wanted to abandoned us from the house,my question is if the house is in foreclosure how can the personal representative abandon us from the house?
1 Answer from Attorneys
The personal representative "stands in the shoes" of your father in law. Once a home goes to foreclosure sale, there is generally a 6 month redemption period where the home owner may pay the sale price and "redeem" the property from the purchaser of the foreclosure sale. The personal representative may be taking steps to try to sell the house and minimize the loss to the estate and if there is any equity, the personal representative has a duty to maximize the value of the estate by selling the house and retaining the proceeds for the estate. If you would like to retain my services, please call me at 888-988-5297
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
