Legal Question in Real Estate Law in North Carolina
Mom is in a nursing home, has been for almost 4 years the bank has started foreclosure on her home. The balance due is $13,000.00 but the value of the property is well over $150,000.00. Can they foreclose on someone in a nursing home?
Asked on 4/28/11, 3:53 pm
1 Answer from Attorneys
Jeff Rosner
Rosner Law Firm P.A.
Yes - the payments still need to be made. If there is that much equity in the house, I suggest an attorney be consulted immediately to see what can be done. If mom is competent, then she might sign a power of attorney to allow someone to negotiate with the mortgage company to buy time and perhaps sell the house. If not, a guardian may need to be appointed.
Answered on 4/28/11, 4:27 pm
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