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Ask Attyadvisor Your Own Question
Attyadvisor, Attorney
Category: Real Estate Law
Satisfied Customers: 7225
Experience:  29 years of experience in General Practice, Real Estate Law and Estate Law.
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Second opinion] My 84 sister has been placed in an Assisted

Customer Question

Second opinion] My 84 sister has been placed in an Assisted Living Facility due to mild dementia. She has an loan on the house, I believe she refinanced it. She does not have funds the continue the mortgage payments. What recourse does she have?JA: How much is owed on the property? What's the appraised value?Customer: $29,000 owed. I believe the appraised value is $35,000JA: Where is the property located?Customer: Baltimore, MDJA: Anything else you want the lawyer to know before I connect you?Customer: no
Submitted: 2 months ago.
Category: Real Estate Law
Expert:  Barrister replied 2 months ago.


Expert:  Attyadvisor replied 2 months ago.

Welcome to JA and thank you for your question. One moment please while I provide a response.

Expert:  Attyadvisor replied 2 months ago.

She has two options. One is to sell the real property, as their appears to be equity in the home. The other option is to offer the lender a deed in lieu of foreclosure so your sister can be done with the real property.

Expert:  Attyadvisor replied 2 months ago.

Please do not hesitate to ask me any additional questions that you may have with regard to this matter. It would be my pleasure to continue to assist you.

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Expert:  Attyadvisor replied 2 months ago.

Do you have any additional questions for me?

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