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Old 03-08-2009, 11:42 AM
 
Location: Lovelock, NV - Anchorage, AK
1,195 posts, read 4,915,781 times
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MIL will be going into a nursing home, she has her house mortgage part of her revocable trust, her condo isn't selling. If we let her condo go back to the bank as a foreclosure will they go after the beneficaries of the trust?

I know this is a legal question and I can only go on the advice or experiences of others but any information will be greatly appreciated.
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Old 03-11-2009, 09:46 AM
 
Location: Lovelock, NV - Anchorage, AK
1,195 posts, read 4,915,781 times
Reputation: 463
Is there nobody that can help with my question?
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Old 03-11-2009, 03:05 PM
 
Location: Apple Valley Calif
7,475 posts, read 19,580,533 times
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All debts must be settled before the estate can be administered. I was required to pay off all debts before the estate I adminiustered could be settled. I didn't have to deal with a home in forclorsure, but it very well could require settlement.
I suggtest you consult an estate attorney for a professionl opinion. Something like that is very important, you need a knowledgable proffessional to advise you.
If you have the trust in hand, see if the trust maker is listed. If so, call for a consultation. It would be worth whatever it costs..
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