Legal Question in Wills and Trusts in North Carolina
My mother passed this month, but had no will or trust. I am living in the home. She had no mortgage, but she had a line of credit loan and a fixed rate loan. Would I be able to take over payments on that loan and what would I have to do to take steps to get that done?
Asked on 2/27/16, 9:57 am
1 Answer from Attorneys
As long as the mortgage/line of credit is being paid, lender will not care. If you have inherited the property, you inherit it subject to the mortgage/credit line and havce to keep paying on it if you wish to keep the property. However, you need to probate an estate for your mother.
Answered on 3/11/16, 2:41 pm
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