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Substantial debts in intestate succession

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laplajo1

Junior Member
undefinedWhat is the name of your state? Louisiana

Widowed mother recently died without will. One heir 25; other is 17. All they have of value is the mother's house. Debts are at least half of the house's value. Any way to save the house? Thanks in advance.
 


I

I AM ALWAYS LIABLE

Senior Member
laplajo1 said:
undefinedWhat is the name of your state? Louisiana

Widowed mother recently died without will. One heir 25; other is 17. All they have of value is the mother's house. Debts are at least half of the house's value. Any way to save the house? Thanks in advance.
Click to expand...

My response:

Unless you qualify for refinancing after Probate, then the answer is no.

IAAL
 
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