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legalgems, Arbitrator
Category: Real Estate Law
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Experience:  Just Answer consultant at Self employed
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My dad left a will granting me s house and car. The house

Customer Question

My dad left a will granting me his house and car. The house has 2 Leins total 236 thousand dollars. If I sold the house would I be responsible for paying the loans off from the profits
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  legalgems replied 1 year ago.

A lien on a house goes with the property- the house provides security for the liens.

As such, when escrow closes, the liens will be paid off, and any remaining proceeds will then be distributed to the heir that inherited the house.

Sometimes a will may provide that debt is to be paid off by a certain fund set aside for that specific purpose- so one should review the will and verify that is not the case; if that is not the case then the house itself serves as collateral for the liens.

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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.

Expert:  legalgems replied 1 year ago.

checking in on the above;

thanks for using Just Answer!