Death of Mortgage holder - Posted by Gaianne Berrios

Posted by John Merchant on December 06, 2006 at 21:18:56:

GM’s estate needs to be probated (if she had a Last Will) or administered if no will is found.

The Executor or Adm’r will notify the bank of her demise and bank will probably not start a foreclosure pending the completion of that legal procedure…if the bank did begin a foreclosure I’d expect the court would enjoin or “stay” it until legal proceedings are wound up.

Even before probate/administration process starts, have your Mom notify bank so they won’t be getting antsy or nervous.

Death of Mortgage holder - Posted by Gaianne Berrios

Posted by Gaianne Berrios on December 06, 2006 at 10:20:21:

My grandmother has passed away and the mortgage on her home is in her name. My mother has always been her primary care giver. What needs to be done. Worried she will lose it.