Legal Question in Real Estate Law in Pennsylvania
My parents signed over their house to me two years ago and have recently passed (mortgage has long been paid in full). However, I discovered that my parents had used their house as collateral and co-signed for my brother's current mortgage. May I sell my parents' former house (now mine) as long as my brother's mortgage is current and in good standing or is this house now on the line until my brother's mortgage is paid in full?
Asked on 12/03/15, 7:18 am
1 Answer from Attorneys
John Davidson
Law Office of John A. Davidson
I doubt it. Unless their death terminated their responsibility for your brother's mortgage. It's going to require a reveiew of the documents to see where you stand.
{John}
Answered on 12/03/15, 7:24 am
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