Monday, 2 March 2015

If I die and my wife and our mortgage still has a balance on it Do my children have to qualify to take over title from inheritance or as lon...

Question

If I die and my wife and our mortgage still has a balance on it Do my children have to qualify to take over title from inheritance or as long as they continue to take over payment the title stays in their nam



Answer

Generally heirs an assume the mortgage on real property they inherit as long as the estate is properly probated.



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