Tuesday, April 1, 2014

Loan servicer requirements when borrower dies intestate without a will. Is the servicer required to search for heirs?

Question

Loan servicer requirements when borrower dies intestate without a will. Is the servicer required to search for heirs?



Answer

No, it is up to the personal representative of the estate of the borrower to do what is necessary with regard to personal property, debt, and real estate owned (and encumbered).



No comments:

Post a Comment