I co-own some rental property. My co-owner, who managed all the financials of the property (taking in rent and paying expenses) recently died. I haven't seen the deed, and his widow can't find it, but I presume his share goes to his estate.
He died with a negligible amount of cash, but his assets include property co-owned with me and a primary residence that will likely go to his widow.
I am one of his creditors, possibly the largest, because of other loans I have given to him over the years. But I expect that one or more of his creditors will become co-owners of the property with me.
My question is this: I've discovered that my co-owner has not paid taxes on the property for the past few years. Would any new co-owners be obligated to pay some of that debt?