home equity question for my parents

[bonkers101]

Texas -

My parents moved in with my ailing grandmother who passed away over a year ago. The home was, as I understand it, listed as part of the estate of my grandmother. My parents have continued making mortgage payments on the home and are now in a bind financially.

The home is not in their name I assume, but could they borrow from the home equity?

This is my father's mother's estate and my father is disabled. He is the executor (if that is what it is called).

Is it imperative they get it put in their name immediately? They are dealing with so many other things, i just want to find some way to help them...

 

[Samm1970]

My parents moved in with my ailing grandmother who passed away over a year ago. The home was, as I understand it, listed as part of the estate of my grandmother. My parents have continued making mortgage payments on the home and are now in a bind financially.

Was the estate probated? If not, the executor needs to meet with a probate attorney before you can proceed with anything else.

 

[bonkers101]

Thank you, I will find out....