Legal Question in Real Estate Law in Indiana

Estate

My father past away 3 months ago and left no will, he left 4 sons, (me being the oldest)... only thing of value he had was his house (he owned no other property including vehicles). My 2 youngest brothers still live in the house, one of wich is going to try and get the house, remaining mortage on the house is 50k... house apraises for about 70k... The other day i recieved summons papers stating i was being sued by the mortage co my dad went through, im guessing its going into forclosure since my brothers havent made any of the house payments. My question is do i need legal representation for this suit against me? Is this standard practice for a forclosure to go after the hiers even though there was no will or money left behind?


Asked on 6/23/08, 2:19 am

1 Answer from Attorneys
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: Estate

The bank will serve all parites in interest as they are foreclosing all other interests in a foreclosure. If you did not sign the mortgage, you will not be responsible for the arrears. However, you will lose your interest in your father's home as an heir. If you want your share of the $20,000, you need ot hire an attorney, if you don't care, then you do not need an atttorney.

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Answered on 6/24/08, 1:02 pm


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