The bank I am dealing with for his affairs did not tell me if there was a mortgage on his house. I didn’t see mortgage payments coming out or a line of credit Now I obtained the certificate of title and it says mortgage of 150,000.00 . I can’t phone the bank until Tuesday this coming week but my question is, do banks sometimes not update these certificates of title?
It's not an estate until your father dies.
Power of Attorney ends at death; at that point, the executor of the estate takes charge.
Clarification will get you better answers.
Do you have no checks that he has been writing for his mortgage?
Are you getting the mail?
The mortgage could be help ANYWHERE, not necessarily at his bank, and he could have assets and holdings and stocks just EVERYWHERE.
A POA has a right to learn how to do their duties, keep their records (which must be meticulous) and this is something that is paid for by the appointing principal's money. Make an appointment with an elder law attorney and start building a foundation. You may initially need a fiduciary to help you set up and get everything together. I was POA and Trustee of Trust for my brother. It's a pretty onerous task and that is for someone very well organized with a file folder for EVERYTHING.
I wish you the very best.
Banks often are very uncooperative. They often refuse a POA that isn't well written by an attorney. They give little guidance unless they are holding at LEAST 250,000 in funds (at which point you suddenly get a "personal banker" who loves you).
Truly wishing you good luck.
My deed shows what our house was purchased for.
I am sure if Dads mortgage was not being paid, he would have gotten a letter from the Mortgage company telling him. I am sure you would be finding some kind of withdrawl from his bank account. I would look thru his paperwork for a copy of his mortgage showing its paid off. If the bank is/was the mortgage holder, they can tell you. If not, you need to call the Mortgage company.
If Dad has passed, your POA is no longer in effect. Your either mentioned as his Executor of his Will or if no Will you need to be named Administrator by Probate. A short certificate has to be given to you by Probate to be able to handle Dads estate.
By the way, yes, banks do underhanded crap all the time, remember the millions of fake accounts Wells Fargo was getting monthly service charges on?
I, highly recommend, verifying anything the bank tells you in every possible way.