Q: Who pays the mortgage on an estate property?
My daughter is living in a mobile home that is owned by the estate of her late grandparents. Since they are no longer living, she had to remove their names from the lot it sits on and put her name on it. She pays the lot rent. Since the home is still in the name of the estate, who should be paying the mortgage, My daughter or the estate? If the estate should have been paying the mortgage, is it legal for the estate to pay her back?
A:
Estate would pay the loan. Estate can charge her rent. I'm assuming the lot is owned by a mobile home park.
The paper on the mobile home isn't a mortgage but a loan paper. It is a debt owed by the estate.
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