Legal Question in Real Estate Law in Washington

We formed an LLC and purchased a building from a husband and wife with a deed of trust. Both the husband and wife recently passed away. There is another 8 years of payments on the property.

Is there anyway the heirs can call in the loan? In reviewing the contract there is no mention or provision in the event of death. Our LLC wants to honor current conditions and continue to pay the obligation to the heirs.


Asked on 7/01/11, 10:52 am

1 Answer from Attorneys
Jonathan Baner Baner & Baner

Their rights under the loan shouldn't change in the event of death. You'll probably want to run it by an attorney if they start doing anything about it. My impression would be that the heirs don't understand or like dealing with the accounting. That concern is labeled under the "not your problem" category.

Read more
Answered on 8/23/11, 1:35 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Washington