Legal Question in Wills and Trusts in New York
My step-mother added me and my wife to the deed of her house . She maintained life residence. She had a home equity loan that we have been paying . She has recently passed away . The payment was in her name only . Do we continue to pay a bill in her name and are we liable for the rest of the loan.
Asked on 4/07/16, 1:26 pm
2 Answers from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
Only if you don't want to lose the house in foreclosure.
Answered on 4/07/16, 1:38 pm
David Slater
David P. Slater, Esq.
If you want clear title, file a copy of her death certificate with the County Clerk.. Unless you agree to the foreclosure pay off the debt.
Answered on 4/07/16, 7:47 pm
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