Wednesday, September 29, 2010

Open Question: Texas estate question?

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My travel ascendant recently passed away. His realty included a bag with 40k remaining on the mortgage, and a automobile with 16k remaining on the note. The bag is valued at greater than 100k so it can be refinanced. The automobile is valued at 12k which effectuation my care is left face downbound in the automobile note. My mothers study does not appear anywhere on the car, not on the denomination or the loan. Her study is not on the mortgage but it is on the deed. She wants out from under the car, but wants to refinance the equilibrise on the home. Everything he had was presented to her in his will. That said, today here are my questions. If she allows the container to go backwards by intentional repossession, it module obviously be sold and they module beam a calculate to the realty for the balance, I undergo that and I undergo there module be a disagreement of most 4k(ish). Assuming that the direction consort files a meet against the realty to recoup the balance, module they be healthy to confiscate a lien against the house? If the concern was willed to her, does the continuance of the concern move to be conception of the 'estate'? Or since it was willed to her direct in the will, is it separate?Other Articles:

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