Inherting a Property with a Mortgage

[Dawn Hall]

In the scenario where a home is unequally left to several decedents and there is a mortgage. Is the
mortgage satisfied FIRST from the net proceeds before the proceeds are distributed accordingly to the will (%)
(Scenario One) or is the mortgage satisfied by the decedents based on the % of ownership of the property each has been left in the will (Scenario Two)
Property is in Louisiana
Scenario One
235000	Sales Price
-350	Transfer Deed (Seller Closing)
234650	Total Proceeds
-87000	Mortgage Payoff
147650	Distributable Proceeds
18456.25	1/8 - Child 1
18456.25	1/8 - Child 2
92281.25	5/8 - Child 3
18456.25	1/8 - Child 4
Scenario Two
235000	Sales Price
-350	Transfer Deed (Seller Closing)
234650	Distributable Proceeds
90000	Mortgage
Proceeds	Share of Debt
29331.25	11250	1/8 - Child 1
29331.25	11250	1/8 - Child 2
146656.25	56250	5/8 - Child 3
29331.25	11250	1/8 - Child 4