Legal Question in Wills and Trusts in Texas

if i inherit property from a friend, subsequently sell the property, what is my liability if the house sells for less than than the amount owed on the house by the original owner


Asked on 9/09/09, 11:31 am

1 Answer from Attorneys
Randall Fisher Fisher Law Office

You would still owe on the original loan if you inherited subject to that debt. That determination would be a line in the estate plan about how you received the property.

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Answered on 9/14/09, 11:42 am


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