Short answer. Yes. Section 7 of Rule 39 provides that if the judgment obligor dies after execution has already been levied on property, that property may still be sold to satisfy the judgment obligation. The officer conducting the sale must then account to the executor or administrator for any surplus.
What the law says
In case of the death of the judgment obligor, after execution is actually levied upon any of his property, the same may be sold for the satisfaction of the judgment obligation, and the officer making the sale shall account to the corresponding executor or administrator for any surplus in his hands.
Rule 39, Section 7 — Execution in case of death of party. Read the full provision →
Death of the debtor does not automatically halt the process
Section 7 recognizes that a judgment debtor's death partway through execution raises a real question: does the sale continue, or does it stop because the person is gone? For property already levied upon before death, the rule answers that directly rather than leaving it to guesswork or forcing the creditor to start a fresh proceeding against the estate before anything can move forward.
What Section 7 actually provides for your situation
The rule states it plainly: In case of the death of the judgment obligor, after execution is actually levied upon any of his property, the same may be sold for the satisfaction of the judgment obligation, and the officer making the sale shall account to the corresponding executor or administrator for any surplus in his hands. Because the levy already occurred before death, the sale is allowed to proceed to satisfy the judgment.
Why the timing of the levy is the key fact
The rule's language ties the outcome to the levy having actually occurred before death, not merely to the existence of a judgment or a pending execution. That distinction matters: the same section treats a judgment obligor's death differently when execution has not yet reached the stage of an actual levy, since it then addresses execution against the executor, administrator, or successor in interest instead, rather than letting the sale of specific property proceed the way it can once a levy is already in place.
What happens to money left over
The sale proceeds are not simply pocketed toward the judgment with nothing else accounted for. The officer conducting the sale must turn over any surplus, beyond what satisfies the judgment obligation, to the deceased's executor or administrator. That surplus becomes part of the estate to be administered, rather than being retained by the judgment creditor beyond what the judgment actually calls for, so the estate is not shortchanged by any proceeds beyond what was genuinely owed.