Who Has to Pay Up? (Washington Post)
Story date: 2007-10-19 02:12:02
Added on: 2007-10-19 20:00:08
Q: My siblings and I inherited my father's house, which he bought in 2003, in a 55-and-over community. The value of the house is depreciating, and there is no equity, as he used it all for landscaping and improvements through a home-equity line of credit. Are we responsible for paying the mortgage and the home-equity line of credit? Only my father's name is on the promissory note and deed and on ...
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