My question involves estate proceedings in the state of: California
Hi, I was wondering if someone can tell me.... what happens to a deceased person's property if the property owned was not paid off? Let me just give the particulars: My sister is dying (has a couple of months to live). She owes $40K on her condo. The condo is probably worth (in this market) apx. $75K. My sister has willed everything she has to her roommate. My thought is that the roommate will not get the condo though since my sister has a mortgage. If the property is worth more than what she owes though ...can the roommate get the difference? I greatly appreciate the help given on this site...thank you very much, Mel.