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The son can pay the utility bills,
however he should file an administration for his fathers estate in surrogates court, so he can have the property transferred into his name,
In terms of the mortgage if it is in the fathers name he can continue to pay the mortgage, and in most cases the lender will accept the payment,
Even if he does not file the Court papers to become his administrator, if he wants to keep the property he should continue to pay the bills, as in most cases, the utility companies will accept his payment.
It seems I left out the fact that the son cannot afford that house
If the son cannot afford the home, he can walk away with it or sell it, the lender cannot hurt his credit or sue him for the debt since his name is XXXXX XXXXX it
If you have any further questions please do not hesitate to ask.
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He wouldn't want to file an administrator because he doesn't want the house
he would not need to unless he wants to transfer property into his name
He would not file an administrator because he cannot afford the house. Should he just move out? Pay utilities as long as he can?
he can continue to live there and collect rent, just not pay the mortgage in NY it would take 9-24 months before a foreclosure an eviction
good luck, he can save money by living in the home rent free
also he can sell the property and keep the $100,000 equity
Regarding equity, he'd simply hire a real estate ( I guess ) attorney?
a broker to sell it and an attorney when he wants to sell
Ok: Again, Thank you
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