estate Archives | Page 2 of 2

By Ilyce Glink| September 17th, 2010|

Property seizure by Medicaid to pay medical bill is possible if homeowner is delinquent on payments with no other assets. Medicaid can seize property to pay medical bills. Seniors needing assistance to pay medical bills may receive Medicaid coverage. Seniors with funds are expected to pay medical bills or face property seizure for Medicaid. Medicaid can seize property and other assets to pay for outstanding medical bills.

Estate Must Make Mortgage Payments, Not Heirs Of Inheritance

By Ilyce Glink| 2017-03-24T14:25:09-05:00 March 13th, 2009|

When you inherit property with a mortgage, paying off that mortgage loan is the responsibility of the estate, not the heirs. If the estate lacks the money to pay off the mortgage and the bank decides to foreclose, it should not negatively affect the credit histories of the heirs. While the heirs could do a deed in lieu of foreclosure with the mortgage lender, that action would not affect the original mortgage loan whose non-payment triggered the foreclosure to begin with.

estate

Property Seizure by Medicaid to Pay Medical Bill

Property Seizure by Medicaid to Pay Medical Bill

Estate Must Make Mortgage Payments, Not Heirs Of Inheritance

Estate Must Make Mortgage Payments, Not Heirs Of Inheritance

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