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Real Estate Attorney recommendation and advice needed
Posted on 1/9/17 at 9:04 pm
Posted on 1/9/17 at 9:04 pm
I need help! Long story short, is there a way for an heir to take over a mortgage, when the deceased party's second wife wants turn the property over to the lendor. Some major issues are 1)that heir has only a 10% ownership, widow has 50% 2)only the deceased and widow are on mortgage and 3)there is no communication or cooperation with widow and descendants. The property is in Baton rouge and thanks in advance any help is appreciated!
2
Posted on 1/9/17 at 9:18 pm to Payton Miles
Buy it with a new mortgage.
the heir simply buys it from the widow for the mortgage pay off amount and uses a new mortgage to do it.
the heir simply buys it from the widow for the mortgage pay off amount and uses a new mortgage to do it.
Posted on 1/9/17 at 9:35 pm to I B Freeman
Will it be that easy? She wants nothing to do with the property. I tried to open a line of communication with her but that unfortunately is not going to happen. Can I go to the mortgage company directly? I pretty much can't rely on her for anything, info, documents, time etc.
Posted on 1/9/17 at 10:06 pm to Payton Miles
Yeah just find her and tell her you will pay her $$$$ for the house.
If she needs money she may jump at it.
If she needs money she may jump at it.
Posted on 1/9/17 at 10:27 pm to Payton Miles
Charles O Simmons. He saved me time, headaches, and money. He's been around a LONG time and knows the ins and outs of real estate. 225-292-3132. I don't use anyone else for real estate.
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