Will heirs inherit their father's debt? (Los Angeles Times)
Story date: 2007-10-21 12:11:21
Added on: 2007-10-21 10:59:10
Question: My siblings and I inherited my father's house, which he bought in 2003 in a 55-and-over community. 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, deed and credit ...
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