Massachusetts General Laws ch. 202 sec. 28 – Executor or administrator; authority to mortgage
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Section 28. The probate court may, upon petition and after notice to all persons interested, if upon a hearing it appears to be for the benefit of the estate, authorize an executor, administrator with the will annexed or administrator to mortgage any of the real estate for the purpose of paying debts, legacies or charges of administration or for the purpose of paying an existing lien or mortgage on the estate of the deceased; or it may authorize such executor or administrator to make an agreement for the extension or renewal of such existing mortgage.
Terms Used In Massachusetts General Laws ch. 202 sec. 28
- Executor: A male person named in a will to carry out the decedent
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Probate: Proving a will