Legal Question in Real Estate Law in Pennsylvania
Mortgage Payments on an Estate
We inherited a house and it is still in the deceased name and we are the executors. We are a few months behind on the mortgage, and we just listed the house. Should the mortgage payments remain on hold until it sells, or are we still responsible for paying up to date.
Asked on 3/17/08, 9:03 am
1 Answer from Attorneys
John Davidson
Law Office of John A. Davidson
Re: Mortgage Payments on an Estate
If the estate is able it should keep up the payments and taxes. It will make it easier to sell.
If the estate can not make the payments then its best that you talk to the bank at once and see if they'll hold off on foreclosing.
If you have any questions feel free to contact me. The initial consultation is free.
{John}
Answered on 3/17/08, 9:16 am