Marc
Recycles dryer sheets
This is a strange question for this forum; however, I feel some of you might have had the same experience so you could have recommendations or at least lead me in the right direction.
A few years back we bought my mother and step-father's house and they kept the paper. Now, we are ready to pay off the loan. In the interim, my mother died. I just learned today that her husband never probated the will as all was going to him. The lawyer who prepared the promissory note prepared the release of lien. He told my step-father that we "might" have issues down the road when selling this house with a title company claiming title wasn't clean.
He did say they could probate the will now (taking time and some cost) and then release the lien or we could just release the lien and "possibly" nothing comes of it down the road.
I really don't want to incur additional costs on us or my step-father but I don't want to be stuck with a house I can't sell in the future (or my heirs can't sell).
Any thoughts?
thanks,
Marc
A few years back we bought my mother and step-father's house and they kept the paper. Now, we are ready to pay off the loan. In the interim, my mother died. I just learned today that her husband never probated the will as all was going to him. The lawyer who prepared the promissory note prepared the release of lien. He told my step-father that we "might" have issues down the road when selling this house with a title company claiming title wasn't clean.
He did say they could probate the will now (taking time and some cost) and then release the lien or we could just release the lien and "possibly" nothing comes of it down the road.
I really don't want to incur additional costs on us or my step-father but I don't want to be stuck with a house I can't sell in the future (or my heirs can't sell).
Any thoughts?
thanks,
Marc