Legal Question in Real Estate Law in Pennsylvania
If I was willed a house that is now in foreclosure how do I excuse myself from the debt
Asked on 1/17/15, 5:29 am
1 Answer from Attorneys
ANDREA G. TILLIS
Law Offices of Andrea G. Tillis
When a bequest is made in a will, the beneficiary takes title to the property in the same "condition" it was in at the time the bequest takes effect. If the testator (person making the will) did not make any provision for paying off the debt on the property, then the beneficiary would inherit the property and the debt encumbering the property. The only way to excuse yourself from the debt is to renounce the inheritance. I am sorry to say that there is no way that you can inherit the property without the debt.
Answered on 1/27/15, 4:05 am