Weldhelmet
11-12-2005, 07:14 PM
Howdie all, it has been quite a while since I've posted, lots of things going on in real life. I know there are a few legal eagles roosting round these parts and was hoping I could get some questions answered before I jump out and grab a lawyer to assist me in the issue that I shall now describe.
A few months ago my Mother passed away quite suddenly. She had reciently re-financed her home. The house has now passed to me due to an "Affidavit as to Succession Under a Transfer on Death Deed".
Another point of intrest is that there is no estate. There will be no probate proceedings.
My questions are as follows.
Due to the fact the equity that was used to base the loan upon was approved for my mother, does the bank have any recourse in attempting to collect the remainder of the moneys lent now that the house is no longer in her name?
I have made numerous inquiries with the bank itself to try to discover what brokerage firm initiated the loan process. I would like to now if my mother had insurance on the morgage (it does sound like something she would have done). But the banks have been less than cooperative. They have refused to give me any information regarding the loan or brokerage firm used to secure said loan because I do not hold a power of attourney to speak for my deceased mother.
Thanks in advance all, Keep on keepin on!
A few months ago my Mother passed away quite suddenly. She had reciently re-financed her home. The house has now passed to me due to an "Affidavit as to Succession Under a Transfer on Death Deed".
Another point of intrest is that there is no estate. There will be no probate proceedings.
My questions are as follows.
Due to the fact the equity that was used to base the loan upon was approved for my mother, does the bank have any recourse in attempting to collect the remainder of the moneys lent now that the house is no longer in her name?
I have made numerous inquiries with the bank itself to try to discover what brokerage firm initiated the loan process. I would like to now if my mother had insurance on the morgage (it does sound like something she would have done). But the banks have been less than cooperative. They have refused to give me any information regarding the loan or brokerage firm used to secure said loan because I do not hold a power of attourney to speak for my deceased mother.
Thanks in advance all, Keep on keepin on!