John Doe died early June. He had paid about 8 years on the mortgage on his house. He has no financial assets and his only vehicle was in a relatives name. So nothing but few pieces of furniture and other personal items that might total $2000 in value. Then the house. We were told by the probate court that no one is required to file a will and the guy did not have one. When can the guy's family members and the mortgage company get together and consider a short sale to Bob Jones? Short sale which says the bank the time and expense of foreclosure, gets the house out of the families hands, and gives a price break to a buyer like Mr. Jones.
Read more: Probate and home mortgage?
