“Subject To Mortgage “ Deal & Deceased Sellers

[Vladimir Tejada]

Hello Everyone,

Last August I purchased a property in San Antonio subject to the existing loan (Wells Fargo HELOC). At the time, the owner of the property was deceased and his wife was no longer competent due to Alzheimer's disease. We were able to close the deal working with their daughter as POA but with the loan still in the deceased gentleman's name. Not long after I sold the property using a wrap. Fast forward to now, the wife has since passed away voiding all POA's. The mortgage is up to date but still in the original name. My question is how will I be able to continue controlling the loan without having this note called due by the bank..? Has anyone had a similar experience?