Legal Question in Real Estate Law in Ohio
Transfer on death deed
My father passed away 4 years ago.
Before he passed, he signed the house
over to me. Right now, my name is on
the deed. He had a mortgage or 2nd
mortgage or some sort of loan that I
thought was tied to the house. I payed
the loan for 3 years then stopped. I
received a letter stating they will not
firclose and they are reliquishing house
to me. That mortgage is in his name.
They turned the loan over to a
collection agency in his name- am I
liable for loan? Can they come after
house?
Asked on 7/13/09, 9:21 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
Re: Transfer on death deed
If they have a mortgage on the property then the mortgage survives your father's death and is a lien on the property.
Answered on 7/14/09, 6:45 pm