Pennsylvania  |  Wills and Trusts

Legal Question

Asked on: 1/20/13, 3:08 am

My mother recently passed away from a heart attack. The property she lived in PA still has a mortgage. Her property was located in a 55 senior community which has HOA/maintenance fees. Up until now I have been paying those fees, but can no longer continue to pay, it has now become a hardship for me. The attorney who filed my mother's will was notified of her death.

As executor to her will, can I sell the property as a Short Sale. If sold, will I be responsible to pay any taxes for the short sale? Or can I return the property back to the bank as a "Deed in Lieu of Foreclosure". My mother had no other assets. As executor, if the property does goes into foreclosure will that affect my credit history?

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