Can we refinace a loan in fathers name even though he just passed away?
My father left his children a carwash that has 350000 dallors left owed on it. He was killed in a car accident. The monthly payments are 6000 dallors with 5 years left owed on it. We can't afford to make that kind of payment. Is it possible to refinance it in my dads name even though he passed away? We are young and have no credit. What do u recommend? by marykateandashley... from Glen Burnie, Maryland. May 2nd 2011
Angela Tucciarella (angela)
#13 ranked lender in Maryland - 6 contributions
Is the loan on the car wash or the home? You can not refinance in a deceased person's name. He is no here to consent and sign on the transaction.
Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions
if you have a probate lawyer, they can help you.. the house can not be forclosed on if it is in a trust if your attorney will work for you.. If you need to short sale,the house , i have a referral source for you. I have been the personal representive of my parents estate, as well as the power of attorney for the last 11 years.. call me at 602-330-1598 lindaforloans@live.com
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