Shelby, NC asked in Estate Planning, Foreclosure, Real Estate Law and Probate for Florida

Q: As administrator of mom's estate should I give the mortgage company my SSN for a deed in lieu? They are asking for it.

The property is located in Florida. They say they need it for legal paperwork since I'm the administrator of her estate.

1 Lawyer Answer
Kenneth V Zichi
Kenneth V Zichi
Answered
  • Estate Planning Lawyer
  • Fowlerville, MI

A: You should apply for a TIN for the estate and give them THAT number if they won't accept your mother's SSN as the TID number for their purposes. YOU are not getting the forgiveness -- the estate is -- and if they report that YOU got the income you will have to pay income tax on it!

OR it may make more sense to force the mortgage company to file the estate and do this without you getting involved at all! The facts are not sufficient enough to know for sure what you should or shouldn't be doing here!

If you are unsure about any of this or unclear how to do it, the estate needs an attorney and you should hire one! Don't be penny wise and pound foolish!

-- This answer is offered for informational purposes only and does not constitute legal advice or create an attorney/client relationship.

I am licensed to practice in Michigan only. Please seek competent local legal help if you feel you need legal advice

Ben F Meek III agrees with this answer

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.