Legal Question in Wills and Trusts in Pennsylvania

inheriting mortgaged property

the will states that soluable property is sold, costs assoc w/ sale deducted then profit distributed evenly. other property is to be distributed to an heir and the lawer states that some of the debt assoc. w/ the property is also inherited and that debt is not paid from the sale of the soluable property.


Asked on 10/12/07, 11:56 am

1 Answer from Attorneys
John Davidson Law Office of John A. Davidson

Re: inheriting mortgaged property

If you try to sell property that has a mortgage the first person to see money from the proceeds is the mortgage holder.

Now if the property isn't sold the heirs would get title to the property but there would still be a mortgage on it.

If you have any questions feel free to contact me. The initial consultation is free.

{John}

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Answered on 10/12/07, 12:24 pm


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