My brother was murdered by his wife. She was convicted and sent too jail. I am administrator of my brothers estate. The house was jointly owned by both my brother and his wife. Prior too the murder, My brothers wife remorgaged the house for $150,000, the value of the house is apx.$300,000. The loan taken on the house is an adjustable rate, and I can no longer afford to pay the loan. I dont want to loose the only thing the children still have left. We live in Pennsylvania and my idea is to default on the loan and force the house into sheriff sale. I would then hope to bid and win the house through sheriff sale. I would like too know if what i am doing is legal, and what are my chances of winning the house back at sheriff sale.
1. House is owned by both the children and their mother.
2. Mother refuses too turn house over too children
3. Wrongfull death suit has been filed, (could take years)
4. Mortgage payment went from 1200 too 1700 in 18 month
Please help
2007-10-07
17:26:02
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5 answers
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asked by
paul g
2
in
Renting & Real Estate