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Updated 8 days ago on . Most recent reply

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Joe S.
#2 Investor Mindset Contributor
  • Investor
  • San Antonio
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Is a lender obligated to talk to a court appointed executor?

Joe S.
#2 Investor Mindset Contributor
  • Investor
  • San Antonio
Posted

So a seller has reached out to me and said they have a property and they cannot get a payoff because the lender will not talk to them. They told me in about a week they would be the court appointed executor. So would the mortgage company be obligated to talk to the court appointed executor? Also could a court appointed executor appoint someone as their POA as well.
 

  • Joe S.
  • Most Popular Reply

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    Leanna Carter
    • Property Manager
    • Greensboro, NC
    6
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    Leanna Carter
    • Property Manager
    • Greensboro, NC
    Replied

    As someone who has just recently lived through this, the mortgage company would not talk to me without my letters from private court saying I was executor and administrator of my sisters estate. I was also the heir to her home so it was one stop for me but her will helped eliminate a lot of other bumps. I'd see who the estate was left to and they need to file with probate county where decedent lived. Good luck. As a real estate broker and loved one, this was a challenge. I'm in NC if you need advice.

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