What happens to a house in probate if debts exceed cash? | NC

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Q: What happens to a house in probate if the estate may not have enough cash to deal with debts? A: A house does not automatically have to be sold just because the estate is short on cash. The personal representative first has to be appointed, gather the asset and debt information, and give proper notice to creditors. Then there is a claims period — generally at least three months from the first…