Myself, my mother and my grandmother are all on the deed to a property my grandmother resided in until her death in 2005. my mother began inhabiting the property shortly thereafter and last year could no longer make payments on the mortgage. The mortgage was never transferred out of my grandmothers name and she is the only person on it. Can the bank foreclose on my share of the property? Also the home is a doublewide trailer and the financing was only fore the home. We owned the property outright for years before anything was put on it. Will the land be repossessed also?
1 Answer from Attorneys
You need to open up grandmom's estate right away and then you can administer her estate and then work with the bank on a workout plan