My uncle recently passed.He named me Executor and sole heir.There isnt much.$400 in checking,the house in top shape is valued at 263,000 it is not in top shape, mortgage owed 120,000 total dept, around 30,000 including 15,000 to the Irs. it is my understanding Federal law allows me as heir to assume the mortgage as is without triggering the Due on Sale clause,I would like to use the equity to pay off the 30,000 of debit.The las lawyer i spoke to said this would not be possiable.As the house would need to be sold..If i can’t get a new mortgage for 170,000 .
Lawyer’s Assistant: What steps have you taken so far? Have you prepared or filed any paperwork?
No Waiting on the death Certificates,I should receive those tomorrow.
Lawyer’s Assistant: Have you talked to a LA lawyer about this?
I live in Pennsylvania
Lawyer’s Assistant: Is there anything else the Lawyer should know before I connect you? Rest assured that they’ll be able to help you.
No not really .
