How death affects foreclosure proceedings?

Hello.

The beneficieries should get thier name on the mortgage and make the mortgage payments? Are you late on the mortgage payments?

Yes, the person died two months behind and the will is a bit messing and probate will take a while. There are no available funds to pay the note without ownership/heirship being determined through probate so I was wondering if there were any rules or laws that could keep the house from being foreclosed on until things settled out. Perhaps wishful thinking on my part, as everyone wants to get paid.

welcome cynthia.

i am not sure whether there is any such law or not but you should contact the mortgage company and inform them about the death of the owner. none wants foreclosure. it will be a huge loss on their part too. can the beneficiaries refinance the loan on their names? if they can refinance and make the monthly payments then i feel the mortgage company will not foreclose.

If a homeowner has been foreclosed on and then they die whos property is it. The deceased person or the banks

Hi Kay,

It will be considered as the bank's property if the bank has already foreclosed it.

Thanks