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#2260804 - 10/06/21 03:11 PM Deceased Borrower and Construction Loan
Banker75 Offline
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Joined: Sep 2021
Posts: 101
I have a question on how to handle proceeding in a foreclosure on a construction loan for an individual that has passed away. The borrower is married and the wife was making payments; however, she is not a borrower on the note and has stopped making payments on the loan. The bank is wanting to proceed in foreclosure and since the only borrower has passed, I am looking for guidance on ow to proceed in this.

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#2260810 - 10/06/21 03:28 PM Re: Deceased Borrower and Construction Loan Banker75
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
Any guidance that you receive better be coming from your legal counsel in this situation.
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