I have a question concerning a house that was in my grandmothers and fathers names. She has passed and now the only name on the house is my fathers. We did not know it at the time but she ran up a quite considerable credit card debt. He creditors are now telling my father that they are going to put a lien on the house. What does this mean? I thought that if the house was my fathers, they would have no right to it. I would appreciate it if you could help me out a little on this one. Thank you

Hello z:

Your grandmother's estate is responsible for paying her debt. If she has any assets the debts must be paid out of them before they are transferred to the heirs.

Credit card debt, is NON secured debt. That means the debt is NOT secured by property. They can't turn it into secured debt just because she died. If there's nothing left after the debts are paid out of liquid assets, the bank get's nothing.

It's probably the scumbag collection agents telling you that. They don't know the law, nor do they care.

excon