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Updated almost 3 years ago on . Most recent reply

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Inherited my father's property

Posted

So, I have finally been able to get my name on the deed to my father's house. He passed away last April. He has a small mortgage that I have kept up on (only 8000 left on the note.) His house is small and worth 63,600. Because of the Pandemic I lost my job and ended up getting very ill. Now my son is in trouble and I need to get some money out of the house to cover a lawyer. I am unsure as far s what to do. I have struggled to keep up with my own mortgage and my father's as well so my credit score has taken a severe hit. I am a Life Insurance Agent selling Final Expense coverage and just recently started back to work. I desperately need some advice.  Oh, I do have the property rented out.

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Zachary Paschke
  • Scranton, PA
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Zachary Paschke
  • Scranton, PA
Replied
Quote from @Jacqueline Jeanne March:

So, I have finally been able to get my name on the deed to my father's house. He passed away last April. He has a small mortgage that I have kept up on (only 8000 left on the note.) His house is small and worth 63,600. Because of the Pandemic I lost my job and ended up getting very ill. Now my son is in trouble and I need to get some money out of the house to cover a lawyer. I am unsure as far s what to do. I have struggled to keep up with my own mortgage and my father's as well so my credit score has taken a severe hit. I am a Life Insurance Agent selling Final Expense coverage and just recently started back to work. I desperately need some advice.  Oh, I do have the property rented out.


 I’m not sure the question. 

Easiest solution if you’re selling FE is to increase income. Buy aged leads and door knock if you can physically do it. 

Depending on your son’s situation have him get a public defender. If you loose the house it’s worse than his legal trouble. 

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