Legal Question in Real Estate Law in Virginia

My father left me his house but it's not worth what he owes and I can't afford to make payments. What are my obligations and responsibilities?


Asked on 11/22/15, 9:19 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

You can simply let the lender take it back by foreclosure. You may want to disclaim it so that you have no responsibility for real estate taxes or maintenance until it is foreclosed.

Read more
Answered on 11/23/15, 4:01 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Virginia