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  1. #1
    Join Date
    Sep 2005
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    98,846

    Default Re: Foreclosure Of A House That Is Held By An Estate

    If the mortgage is exclusively in mom's name, the foreclosure shouldn't affect anybody else's credit.

    Allowing a foreclosure may constitute a violation of the administrator's fiduciary duties to the estate.

  2. #2
    Join Date
    Sep 2007
    Posts
    2

    Default Re: Foreclosure Of A House That Is Held By An Estate

    Quote Quoting Mr. Knowitall
    View Post
    If the mortgage is exclusively in mom's name, the foreclosure shouldn't affect anybody else's credit.

    Allowing a foreclosure may constitute a violation of the administrator's fiduciary duties to the estate.


    Thank you for your response. As I mentioned, the mortgage is in the name of the estate.

    I don't feel that I am "allowing" the foreclosure, rather I don't have a choice because there's no money in the estate. Any monies that myself and my brother received from my mother's insurance policy, we used to try and keep the house afloat. It's just not feasible anymore to do that.

    Thanks again for responding.

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