QUESTION
Creditor Claim to Mortgage company?
Asked on Mar 13th, 2015 on Trusts and Estates - California
More details to this question:
Do I need to send a Notice of Administration and Creditors Claim to the mortgage company on a home that is being sold through the probate process? I have full authority. The home is currently in escrow. I know the current mortgage will be paid once the escrow company receives the funds from the sale.
1 ANSWER
Technically you are supposed to send the creditors notice to all known or reasonably ascertainable creditors. That would, of course, include the mortgage company. However, since you know they will be paid in full next week I probably wouldn't worry too much about it. Having said that, it's a pretty simple form so if you want to be fully accurate in your job you might send it to them! Your attorney should take care of it for you. Good luck. -John
Answered on Mar 17th, 2015 at 9:14 AM