Wednesday, August 17, 2011

When someone dies and leaves their home to a daughter and there is still a mortgage what does the lender do?

Can the family member continue to just make payments? Does the family member need to qualify for a new loan? When the home owner dies is the loan due and payable? If the family member cannot qualify for a loan will they have enough time to sell the house? What is the best method to plan for all of this?

No comments:

Post a Comment