Legal Question in Wills and Trusts in Virginia
My brother and I have become administrator of estate for my deceased father. He didnt leave a will. My brother is living in the house that still has a small mortgage on it but large payments a month, he hasnt been able to pay and is about 3 months behind, we're hoping that the house will not go into foreclosure but as administrators of estate will the forclosure go on our credit reports?
Asked on 11/17/10, 7:21 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, since the estate of the deceased is the owner of the subject property rather
than the administrator(s) ---at least until the estate is closed out.
Answered on 11/25/10, 7:54 am