Bank Foreclosed On Dead Homeowner

Yesterday I went to attempt to talk to two homeowners that were foreclosed on and are now in their redemption period. I knocked on one door and the next door neighbors were in there and said the homeowner is dead. A few questions:

1. Doesn't the property have to go to probate or can the mortgagee just foreclose?

2. Is there anyone (heirs?) that can take advantage of this 4 month redemption period?

Comments(1)

  • TheShortSalePro17th April, 2004

    Check to see how the title was held...
    find the death certificate, locate the Executor of the Estate, and confirm the Letters Testamentary.
    [addsig]

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