One of the most common causes for properties falling into foreclosure or some distressful state is death of the owner(s) and the original income sources responsible for the property. Very often children to the deceased inherit the property by circumstances and are not prepared to afford or deal with it. In addition, communication with the lender becomes very problematic and difficult since the property was not held in a trust and the lender has to protect the privacy rights even to deceased borrowers. Preventing the children or non-borrowers from being able to communicate directly with the bank.
