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-   -   Deceased mother debit (https://www.askmehelpdesk.com/showthread.php?t=207216)

  • Apr 18, 2008, 11:01 AM
    richr
    Deceased mother debit
    My mother recently passed away. The only thing in her estate is a car that she owes a personal debit on for it. The title is in her name. Do I have to pay the debit off.
  • Apr 18, 2008, 11:17 AM
    kp2171
    Not an expert in this area. Wait for more informed people to chime in.

    Are you wanting the car? If not, the car asset belongs to the lender and any remaining debt is written off. It belongs to her estate, not you.

    If you want the car id expect there's some process by which you could transfer the car to your name (are you the only child, is there a will) and pay off the rest, but I'm not sure if theyd let you do installments...
  • Apr 18, 2008, 03:11 PM
    Fr_Chuck
    If you want to keep the car, if you don't mind them taking the car, no need to. That is assuming there is not a bank account with money in it to pay on the debt.
  • Apr 18, 2008, 03:20 PM
    George_1950
    Quote:

    Originally Posted by richr
    my mother recently passed away. The only thing in her estate is a car that she owes a personal debit on for it. The title is in her name. do i have to pay the debit off.

    Sorry for your loss. No life insurance, jewelry, furnishings? No medical bills? The car has a lien that must be paid, or the lender will most likely repo and sell; it there is any deficiency, it will probably forgive in this case.

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