New Jersey  |  Real Estate Law

Legal Question

Asked on: 6/23/13, 9:21 am

Hello there !

My wife owns 1/2 of her deceased fathers property and her aunt owns the other half. The property was originally owned by the grandparents. No problems so far. The property has a mortgage that was signed by both the aunt and my wifes deceased father. My wifes fater was making the mortgage payments and only his name was on the bill but the note was signed by both. When the property is sold, are both the aunt and my wife equally responsible or is my wife responsible for the entire amount from her half of the proceeds ?



1 Answer

Answered on: 6/30/13, 4:47 pm by Keith Singer

Dear Grant

The answer depends on numerous factors including but not limited to the estate; the value of the property and amount of the outstanding mortgage . None of the above should be relied upon as legal advice. I suggest you contact a competent real estate and estate planning attorney. You may contact my office for an appointment should you wish to discuss this further.

Office Telephone 732-749-3700

Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.

Keith A. Singer, Attorney At Law 1901 Route 71, Suite 3-E West Belmar, NJ 07719

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

130 Answers given in the last few hours.

8627 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search