Sell Your Home

by Ann
(Jamaica, NY)

My friend was married for 40 years before her husband died. The house was paid for and in both their names. Now it is her house. The bank finds an outstanding loan for her husband and his first wife. Is that possible to have a $9,000 debt and not know about it for over 40 years? Does she have to pay the debt before she can sell the house?

Comments for Sell Your Home

Click here to add your own comments

Nov 17, 2010
 old loan
by: Gerri

I assume there is a lien against this property. If that's the case, she should seek legal advice to find out whether it is still valid, or whether it can be enforced against her. She is going to have to consult a real estate attorney or a consumer law attorney with experience in consumer credit law for advice. You can tell her to visit Naca.net to find one to speak with.

Click here to add your own comments

Return to 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.

Disclosure: We may receive compensation for marketing some of the services mentioned on this site. Above all though, our goal is to recommend products and services we believe can help our readers. You can learn more here.