My question involves estate proceedings in the state of: Nevada
My mother in law recently passed away in June. My name and her name were on the mortgage and deed of the property I currently live in. A couple of months before her death, my husband and I refinanced the mortgage together without her name on the property at a lower interest rate. Now I have creditors calling wanting us to settle her debt and are threatening to take us to probate court if we do not take a settlement deal.
My question is.. can they do this since at the time of her death she was not a legal owner of the property?
We currently do not have any equity in the home to settle the debt due to the property values lowering.
Her loan was a cash loan for approx $11,000 that she took out before she got sick.
Thanks for any input...