Double-checking dad’s estate plan. The house is setup with a Ladybird Deed to pass to me. My intention is to sell it and split the proceeds equally between myself and my brother who lives out of state. That is my Dads wish that we share everything equally. (We are in Texas).

There is a mortgage on the house. After the house transfers to me, if the money runs out before the house sells will it damage my credit if the bank ends up taking it. Would they suspend mortgage payments knowing im selling it?

My fear in this is if the process damages my credit it may affect my ability to rent an apt and get a job. I can in no way afford the mortgage and expenses on this house. Plus I would be saving a tidy sum by renting an apt.


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