Settling an Estate After Death of a Family Member · New Jersey
I went to a law firm to discuss possibly filing for bankruptcy protection and to settle my mother’s estate. After that meeting I was introduced to Angela M. Thomas, a paralegal with extensive experience assisting homeowners fighting foreclosure. Angela reviewed my finances and my circumstances; and she suggested that I consider requesting a Deed in Lieu and not file for bankruptcy. She explained to me that since my only debt was my student loan and the condo was in my mother’s name and my mom had just passed away, and that I was not legally responsible for my mother’s mortgage. I wanted to move out of my mom’s condo, but I believed because my mom willed the condo to me that I was now responsible for the mortgage and unfortunately my mom owed more than the place was currently worth. I had never heard of a Deed in Lieu and Angela was so very patient with me. She explained the different options to me, and she convinced me that Bankruptcy was not the right option for me given my circumstances.