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<b>I've been in this situation many, many times, & Jeanne
expresses my experiences with it. Moreover, I've had bank counsel
call me after a foreclosure & beg me to have the heirs remove
all the TPP from the house, to reduce the bank's expense. </b><b>Decedents
in these matters are usually ho</b><b>arders & l</b><b>eave
their home piled high with years of accu</b><b>mulations</b><b>
--- oh, my!, what a mess!</b><b> In one of these cases I had, the
Decedent was a doll collector, & you should have seen the
hundreds of dolls, piled high, many in unopened boxes. God only
knows all the $$$ she must have spent on them. I called the heirs
& met them to go through the house & take what they
wanted, although most of the dolls & everything else was left
for the bank. Lucky them!</b><br>
<br>
<br>
<br>
<div class="moz-cite-prefix">On 3/3/2015 10:07 AM, Jeanne Dawes
wrote:<br>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:blue">My
inclination is to walk away. The retirement funds proceeds
are not subject to creditors claims. My experience with
lenders and property underwater, is that they are almost
impossible to work with. They want to treat the PR like he
or she is the borrower. Can’t do that. I’ve tried on
many occasions to get the lender to accept a deed in lieu,
and it has taken months and months for that to happen, in
the meantime, the lender has no problem starting a
foreclosure action. It makes no sense. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue">As
to removing the personal property from the home, that is not
part of the lender’s security, but the value of it could be
subject to creditor’s claims. I guess it would depend on
the value. If there is a high value, it might be worth
opening a probate in order to comply with the creditor claim
process and see what’s out there. My experience is lenders
do not typically file a claim against the estate. If the
personal property only has sentimental value, and she is the
sole beneficiary, I don’t think anyone would raise the
issue.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue">Others
may have a different experience or opinion. Hope this is
helpful.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:blue"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><i><span
style="font-size:18.0pt;font-family:"TypoUpright
BT";color:blue">Jeanne</span></i><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue">
<o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><i><span
style="font-size:18.0pt;font-family:"TypoUpright
BT";color:blue">Jeanne J.</span></i></b><b><i><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue">
</span></i></b><b><i><span
style="font-size:18.0pt;font-family:"Bella
Donna";color:blue">Dawes<o:p></o:p></span></i></b></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Attorney
at Law</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Gore
& Grewe, P.S.</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">103
E. Indiana Avenue, Suite A</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Spokane,
WA 99207-2317</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Voice:
509-326-7500</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue">Fax:
509-326-7503</span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial","sans-serif";color:blue"><a
moz-do-not-send="true"
href="mailto:jjdawes@goregrewe.com">jjdawes@goregrewe.com</a></span><span
style="font-size:12.0pt;font-family:"Times New
Roman","serif";color:blue"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:blue"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span
style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
[<a class="moz-txt-link-freetext" href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Margaret Delp<br>
<b>Sent:</b> Monday, March 02, 2015 2:18 PM<br>
<b>To:</b> <a class="moz-txt-link-abbreviated" href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBARP] To probate or not to probate<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hello Everyone:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a hypothetical low income client who
is the sole heir at law to her daughter’s estate. Daughter
died intestate. Estate has 2 assets – a home which is
slightly “under water” and a very small 401(k) account which
designates the client as beneficiary. The lender sent a
Notice of Pre-Foreclosure Options to the family because of
failure of the decedent to make a mortgage payment. Neither
the client nor the estate has the money to pay for a probate.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Question 1 – if the client walks away from
the estate, and allows the house to go into foreclosure, are
there any negative ramifications for the client? She has
already received the distribution from the 401(k).
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Question 2 -- Client has access to the
house. Can client (who is the only heir) take possession of
the personal property of decedent before bank forecloses – in
other words, can she and the other family members who all get
along clear everything out the house without a probate? <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I’d appreciate your thoughts.<o:p></o:p></p>
<p class="MsoNormal">--Margaret<o:p></o:p></p>
<p class="MsoNormal">--<o:p></o:p></p>
<p class="MsoNormal">Law Office of Margaret Delp<o:p></o:p></p>
<p class="MsoNormal">2815 Howard Road, Second Floor<o:p></o:p></p>
<p class="MsoNormal">P.O. Box 292<o:p></o:p></p>
<p class="MsoNormal">Langley, WA 98260<o:p></o:p></p>
<p class="MsoNormal">(360) 579-4530 (telephone)<o:p></o:p></p>
<p class="MsoNormal">(360) 512-3114 (facsimile)<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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