What is the name of your state? tenn.
dad died at 82 left no will.he had practically no assets except a house with a mortgage and about $25,000 in equity(more or less whether some repairs are made) .The mortgage company says the balance is due in 6 months or it goes to forclosure(they also said they could extend that if still in probate) He also has about $15,000 in unsecured debt with various credit cards and medical bills. how does it usually end up? Is the home equity considered an asset ? can the creditors get proceeds from the sale of the house or force an auction ? my sister thinks we can purchase the house for the balance of the mortgage.but I have my doubts
Ive heard one can do probate without the expense of a lawyer and there isnt much money here any advice is appreciated thanksWhat is the name of your state?
dad died at 82 left no will.he had practically no assets except a house with a mortgage and about $25,000 in equity(more or less whether some repairs are made) .The mortgage company says the balance is due in 6 months or it goes to forclosure(they also said they could extend that if still in probate) He also has about $15,000 in unsecured debt with various credit cards and medical bills. how does it usually end up? Is the home equity considered an asset ? can the creditors get proceeds from the sale of the house or force an auction ? my sister thinks we can purchase the house for the balance of the mortgage.but I have my doubts
Ive heard one can do probate without the expense of a lawyer and there isnt much money here any advice is appreciated thanksWhat is the name of your state?