Legal Question in Wills and Trusts in Maryland

If someone dies and owns a house with a mortgage on it, can his son or daughter, sole beneficiaries, keep the house and assume the mortgage payments or will they be forced to sell the house?

Asked on 8/01/12, 1:59 pm

1 Answer from Attorneys

Cedulie Laumann Arden Law Firm, LLC
0 users found helpful
0 attorneys agreed

One can assume a mortgage if the lender so allows but generally assets will need to be sold to pay any debt of the decedent, with any resulting proceeds distributed among the heirs. If there exists enough money outside the home to pay off debts, then the heirs might keep the house.

While I hope this general information helps it should not be used as a substitute for personalized legal advice.

Read more
Answered on 8/14/12, 10:58 am

Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Maryland

Looking for something else?

Get Free Legal Advice

88953 active attorneys ready to answer your legal questions today.

Probate, Trusts, Wills & Estates Legal Forms

Browse and download our attorney-prepared and up-to-date legal forms from $4.99

Find a Legal Form

Featured Attorneys

Anthony SmithLawSmithLee's Summit, MO
Timothy McCormickLibris Solutions - Dispute Resolution ServicesSan Francisco, CA
Glen AshmanAshman Law OfficeAtlanta, GA
Find An Attorney

Are you an Attorney?

Earn additional revenue and grow your business. Join LawGuru Now