Posted on: 23rd Feb, 2011 06:18 pm
If I do a Simple Assumption on deceased brothers investment homes, can or will any unpaid medical bills appear as liens on /all of these properties? Also, since there is more than one property, will I be able to assume all or will the banks find out and say no? Can I give one of the properties to my other sibling, let him assume the loan, even though all properties/mortgages were left to me?
Hi gailute,
If your name is mentioned on the property deed, then your creditors can place a lien on the property. However, if you remove your deceased brother's name from the property, then his creditors won't be able to place a lien on the property. You can even let your other sibling assume the loan and get the property transferred in his or her name.
Thanks
If your name is mentioned on the property deed, then your creditors can place a lien on the property. However, if you remove your deceased brother's name from the property, then his creditors won't be able to place a lien on the property. You can even let your other sibling assume the loan and get the property transferred in his or her name.
Thanks