Estate Law Questions? Ask an Estate Lawyer.
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If you sell the house, any proceeds will not go into the estate account; rather, all the funds from sale will go to the lender to pay the mortgage. The estate would get no money. So, there really is no sense in simply continuing to pay the mortgage payment when what is owed far exceeds the value of the property. In this situation, it would be a better idea to either do a deed in lieu of foreclosure with the lender or to simply let the lender foreclose on the house.
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