Posted on: 15th Sep, 2008 05:52 pm
Recently, unknown to me, my sister who had power of attorney over my mother, transferred her house to my sister and me. Since then, my mother passed away. I have not signed anything but found out the house has a rather large mortage against it. Am I liable for the mortgage?
Hello- Not if your name isn't on it. The house has been pledged as collateral for the mortgage, though, so that could affect your share of the equity.