Taking over a loan of a deceased person where you also reside
Hi there My name is Maggie
I believe I have an unsual situation.
I am currently living in a Co-op apartment that my deceased father signed a loan for.
My dad has since passed away it has been about 6yrs now. I have always and have continued to pay the loan. My dad applied for the loan in name only for me.
Problem is he passed away did not leave a will and my name is no where on the loan or the deed.
What can I do to take over the loan from the bank after its been 6years?
Can the bank take over the property and request I pay the loan in full?
What are my options?
I also have 5 siblings who are all aware my dad signed loan for me in name only, they all
Know I reside in the property my dad signed the loan for.