my deceased father's mortgage

pict_saver

VIGILANT22 wrote: »

yeah it will be.......

So they do it in 2 parts , i never known that.
ok thanks again

Strapped

I'd say speak to the mortgage company. My own experience of someone dying with an outstanding mortgage and no life insurance was that the mortgage company firstly asked how the (existing) mortgage would be settled. When they learned that another mortgage would be required to pay off the existing mortgage, they were very helpful and waived early redemption fees so long as the new mortgage was with themselves. They also offered to suspend payments for up to 6 months during the probate process, although that wasn't taken up due to the interest it would rack up.

getmore4less

pict_saver wrote: »

we paid him up to dealing with the accounts so far, but still have this house issue which i think he might be treating separately!

So you do have a solicitor involved!

In a previous post you claim to be the executor and settled the estate.

Have you talked to them(solicitor) about the house?

getmore4less

getmore4less wrote: »

How can you have done this?

There is stlll a mortgage in your fathers name.
The house has not been transfered to the new owners.

Have you gone through probate yet?

I wonder what else you may have missed.

pict_saver wrote: »

Your another one that asks silly questions and gives no advice!

But you still have a mortgage to pay from the estate
as excutor how do you plan to do this?

Problem is you don't give any much info on the estate except there is a mortgage and a house.

Did the will detail how the mortgage should be paid from the rest of the estate?

If not paid from the estate then there is a potential problem.

pict_saver

pict_saver wrote: »

Your another one that asks silly questions and gives no advice!

like i said before, you don't seem to get the big picture of the info that i gave. yes me and my sisters are paying the mortgage from the start for mum & dad. but now he's not here, and mother needs to stay there!

getmore4less

pict_saver wrote: »

like i said before, you don't seem to get the big picture of the info that i gave. yes me and my sisters are paying the mortgage from the start for mum & dad. but now he's not here, and mother needs to stay there!

I understand that the current payments are being made, but as I understand it the mortgage needs repaying in FULL as part of settleing the estate and getting through probate so you can inherit the house?

How are you going to do that?

pict_saver

just needs to be changed to our names

getmore4less

pict_saver wrote: »

just needs to be changed to our names

Dont think you can just do that there is a mortgage the estate needs to pay the debt(mortgage)

Jonbvn

VIGILANT22 wrote: »

Many many many people do not take out life insurance.................if I ruled the world it would be compulsory.........

But then again, wouldn't all insurance (snake-oil) salesmen say the same thing?;)

VIGILANT22

Jonbvn wrote: »

But then again, wouldn't all insurance (snake-oil) salesmen say the same thing?;)

and only clowns would make remarks as above........btw...I am not a "insurance (snake-oil) salesmen"