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Question
My sister has just passed away and left my niece executor of the will. She has no one else's name on the house. What will happen to the house. Can my niece stay in the house and continue to pay the mortgage without refinancing. How does she get her name added to the house without going through a finance company. Also her name is not on my sister's bank accounts. Do you think she is going to need an attorney.
Thanks
Ms. BORNER--
I'm sorry for your loss! Yes,your Niece needs to have an ATTORNEY assist her with her duties and responsibilities as the Executrix of your Sister's Estate.
If there's a WILL, I assume that your Sister had it drawn up; by a Lawyer. Your Niece should meet with THAT Attorney over their WORKING together handling the distribution of your Sister's Estate!
The Lawyer will help get the Bank Accounts,Mortgages, Deeds and/or Titles, as well as any or all personal properties left behind!If your Sister's Will DOESN'T say "who gets what," the Lawyer will help determine the Heirs and start a process that makes sure all get an equal share!
For local discussion of this matter, I recommend speaking to your Family Attorney, the Director of the Funeral home that handled final arrangements, and/or the Pastor of your Church.
May she RIP!
--JIM
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Jim Root
Expertise
How to select the right Real Estate Salesperson & Loan Officer--ones who will serve your best interests! House-hunting tips & suggestions on selection of the home best for your family needs. Introduction to the Home Buying Process & all the "Players" involved.What is of utmost important to the Homebuyer? Real Estate Contracts & Negotiations, Appraisal needs, Title Co. involvement, Home Inspection issues& the Closing/Escrow systems, etc. Whatever your question, the answer will follow, whether from personal knowledge or research! Gale, shown here with me, has been a Real Estate Office Administrator, licensed Realtor & has served as my Research Assistant over the years!
Experience
Over 30 years as a "Real Estate Professional." including Real Estate Marketing & Sales, Appraisal work, Mortgage Banking & as a Realty Officer with U.S Dept. of HUD's FHA Homeownership Division in Alaska, Washington & Idaho! Some experience in Montana, California, Utah & Nevada markets!Knowledge of National Markets by continuous Research!
Organizations
Former member of Nat'l Ass'n of Realtors (NAR) & Mortgage Bankers Ass'n of America (MBAA). Currently with National Association of Review Appraisers & Mortgage Underwriters (NARA/MU).
Publications
Published in various local, state, regional & national Real Estate-related magazines & newsletters!Co-author of various Govt. publications on Homeownership, Appraisals & Mortgages while with HUD/FHA.
Education/Credentials
Associate Degree in Real Estate Studies plus:
Numerous Real Estate-related Courses conducted by the U. S. Government & Private Industry over the past 30 years.
Bachelors Degree in Mass Communications,
Masters Degree in Education/Teaching
Awards and Honors
Professional Designations: Certified Residential Originator (CRO) from MBAA, Registered Mortgage Underwiter (RMU) & Certified Review Appraiser (CRA) from NARA/MU. Outstanding Peformance Awards for 10 of the 12 years with HUD/FHA & numerous Sales/Listing Awards while a licensed Real Estate Agent.
Past/Present Clients
No longer selling/listing Real Estate, nor Appraising properties, nor working in the Mortgage business, this "Real Estate Pro" serves as Director of a Company that provides Professional Development Seminars & Workshops to the "Real Estate Industry" and provides free (as needed) & fee-paid (on a sliding scale) consulting & inspection services to members of the general public.Your questions will be answered without "salesmanship" & with your best interests in mind!
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