payment on lien against house

by dean
(nc)

my mother transferred her home to me prior to her death. she had a 25000.00 lien against the house. i have paid $13000.00 in four years on that loan. in north carolina, am i responsible for the loan? can they foreclose?

Comments for payment on lien against house

Click here to add your own comments

Jan 13, 2014
 lien on house
by: Anonymous

Does that apply in pa?

Reply from DebtCollectionAnswers.com:

It does matter what your state, if you inherit a home or other real property with an unpaid lien on it and you want to keep the house, you must pay off the lien according to the terms of the loan.

The lien on your mother's home transferred with the home when she gave it to you, so if you want to keep the home and avoid a foreclosure, you must continue making the payments on it. If the payments are high however, why don't you look into refinance the loan given that mortgage interest rates are low right now. A lower interest rate would lower your monthly payments.
Nov 04, 2012
 payment on lien against house
by: Debtcollectionanswers.com

The lien on your mother's home transferred with the home when she gave it to you, so if you want to keep the home and avoid a foreclosure, you must continue making the payments on it. If the payments are high however, why don't you look into refinance the loan given that mortgage interest rates are low right now. A lower interest rate would lower your monthly payments.

Click here to add your own comments

Return to Deceased Person's Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2018 by Mary Reed and Gerri Detweiler.
All rights reserved.
Read our Privacy Policy here