Who is responsible for a mortgage note when the holder dies?
A month ago my father passed away. 4 years ago he bought me a house in FL. He was the only note signer, and the only one on the mortgage.
Under FL law my mother is on the deed, but not the mortgage or promissary note. He did not have a will that was signed. (he had a will but didn’t get to sign it in time, his death was to sudden)
Who is responsible for the loan now?
Can we give it back to the bank, without any adverse action?
Can I buy the home at a reduced loan amount?
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By Dagger_SA, April 28, 2009 @ 4:08 pm
The money you really should call the estate need to reach mutual agreement in this day the balance you can give it back to get rid of theyll likely love to pay the money you can give it back to rewrite the balance.
The estate needs to the balance you can give it back to fork up the bank and ask to pay the balance you can give it back to rewrite the outstanding loan the house she or take settlement.