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The daughter is on the mortgage but not on the note. Mother on the note.
Just need a clarification for the above statement: Are the following correct?:
1. mother is the only one on the note?
2. daughter and mother are both on the mortgage?
3. daughter and mother are both on the title to the house?
Who is the executor of the Will?
Is the equity in the home less than 75k?
1. The mother is the only one on the note.
2. The mother and daughter are on the mortgage
3. The mother and daughter are on the title.
4. The daughter is the executor.
5. Equity is under $75K.
Yes, this can be process under a summary administration under FLA law. Since the mother is on the title and mother's 50% interest in the home passes to daughter under the will, it has to be administered. But the daughter is the executor so it should be fairly easy to do. Once daughter is on record by court order as owning 100%, she can do a DIL to the lender.
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