bplantssss
Junior Member
What is the name of your state? OH
My mother-in-law is up in years, when my father-in-law died 4 years she transferred the house to her nephew even though she knew that it was colaterial on a failed business. The bank took her to court and won. They are requiring her to pay $105 per month on the interest and put a lien on the house. She is insisting that we can just get a loan when she passes but with my husband's disability, we don't have the money and we own a house 2 hours away that we live in already.
She doesn't have a will yet, but is willing to get one. If the house is willed to my husband and we cannot get a loan for the lien can the bank take the house for just the lien amount? Or would we be forced to sell the house and pay off the lien?
My mother-in-law is up in years, when my father-in-law died 4 years she transferred the house to her nephew even though she knew that it was colaterial on a failed business. The bank took her to court and won. They are requiring her to pay $105 per month on the interest and put a lien on the house. She is insisting that we can just get a loan when she passes but with my husband's disability, we don't have the money and we own a house 2 hours away that we live in already.
She doesn't have a will yet, but is willing to get one. If the house is willed to my husband and we cannot get a loan for the lien can the bank take the house for just the lien amount? Or would we be forced to sell the house and pay off the lien?