Estate Law Questions? Ask an Estate Lawyer.
On our home we were both on the title and morgage. The rental property was in his name only for morgage. Both have been changed to my name. There were no other assets. Basically, according to the attorney who originally handled the estate, said the estate is 'insolvent'. I am unable to sell the rental property due to the judgement which prevents me from settling other debts of his.
Well here's the problem with waiting out the judgement. The loan on the rental property came due last August and I've been working with the bank since then to try to settle this. The other problem is my house's note comes due in 2015, the judgement does not expire until 12/2017. What type of lawyer can help me take the people who have the judgement to court to get it settled? I have no funds to pay them any amount to settle the judgement. They have already tried to force the sell of my property but the value was nominal and wouldn't even come close to settling the judgement - $460,000.00! My house isvalued at ~$200,000 and I still owe $188,000. The rental property is valued at ~65,000 which is about how much is still owed. I have got to have resolution to this. Please help!