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Real Estate & Property Law

: The Home Equity Theft Reporter

Bankruptcy Court Denies Lender's Request To Proceed With Foreclosure Of Delinquent Mortgage On Real Estate Inherited From Deceased Owner

By r morris

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The following facts have been taken from a recent ruling from a Federal bankruptcy court in Missouri:Father buys real estate, financing the purchase with a loan from Bank/Creditor secured by a deed of trust.Father dies four weeks later.Daughter, as sole survivor, acquires through inheritance Father's real estate, subject to the secured debt.Daughter encounters financial problems and defaults on

Full post as published by The Home Equity Theft Reporter on March 08, 2010 (boomark / email).

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