I am the executor and beneficiary of an insolvent estate from my father. I want to retain the house however it is amid foreclosure. Owed is 301k and the value is 303k. I have the sufficient income myself to make the payments so how do I keep the house which is also my residence. As I cant make payments because it will create equity in the estate thus becoming not insolvent.
1 Answer from Attorneys
Buy the house from the estate and get your own mortgage.