|
||||
| | ||||
Posted by jules on June 28, 2002 at 23:36:01:
In Reply to: foreclosure on a house with sister having a life interest in the estate. posted by jules on June 28, 2002 at 23:33:11:
: this is for a friend of mine. her mother passed away.for the past 4 yrs. she has been paying the mortage, insurance and taxes on the house in which the mortage is in her name. the sister has an "life interest in the estate". her sister does not live in this house, nor has she paid any of the expense or upkeep and maintance on this house. my friend did this to help out her feeble mother who couldnt afford the upkeep and maintain this house plus pay the mortage. at the time her sister was put on as the life interest. now the mother has passed away and the sister looted the house and left nothing in it. and she wont sign off on the house. my friend feels that she should not have to "pay off" her sister since she took everything already. a quick phone call to a lawyer told her her only option was to foreclose on the house. how long does a forelcosure stay on your credit report and can anyone stop the foreclosure legally (such as the finance co. that the mortage is thru) if she quits paying it. my friend can no longer afford to pay the mortage and was waiting untill she didnt need the house anymore to get out from under it. now she stuck or is she. please help if you can. the house is in pennslyvania and she lives in Illinois.
