What is the name of your state (only U.S. law)? PENNSLYVANIA.
MY BROTHER DIED IN AUGUST 2009 WITHOUT A WILL. I WENT THROUGH THE PROBATE PROCESS AND WAS NAMED ADMINISTRATOR. HIS ONLY REAL ASSET WAS HIS HOUSE WHICH WE PLAN ON SELLING. MY BROTHER HAD A HOME EQUITY LOAN OPEN IN HIS NAME AT THE TIME OF DEATH WITH NO CO-SIGNERS. DO THE LOAN PAYMENTS HAVE TO KEPT CURRENT OR CAN THIS LOAN BE SETTLED WHEN THE HOUSE IS SOLD? I EXPLAINED THIS TO THE BANK THAT WE WILL SETTLE THIS LOAN WHEN THE HOUSE IS SOLD BUT I AM GETTING CALLS FROM THE BANK SAYING THAT THE LOAN IS LATE AND I DON'T WANT IT TO GO INTO DEFAULT. ANY ADVICE WILL BE APPRECIATED.
THANKS.
MY BROTHER DIED IN AUGUST 2009 WITHOUT A WILL. I WENT THROUGH THE PROBATE PROCESS AND WAS NAMED ADMINISTRATOR. HIS ONLY REAL ASSET WAS HIS HOUSE WHICH WE PLAN ON SELLING. MY BROTHER HAD A HOME EQUITY LOAN OPEN IN HIS NAME AT THE TIME OF DEATH WITH NO CO-SIGNERS. DO THE LOAN PAYMENTS HAVE TO KEPT CURRENT OR CAN THIS LOAN BE SETTLED WHEN THE HOUSE IS SOLD? I EXPLAINED THIS TO THE BANK THAT WE WILL SETTLE THIS LOAN WHEN THE HOUSE IS SOLD BUT I AM GETTING CALLS FROM THE BANK SAYING THAT THE LOAN IS LATE AND I DON'T WANT IT TO GO INTO DEFAULT. ANY ADVICE WILL BE APPRECIATED.
THANKS.