If a person dies and has a mortgage on their property, what happens to the mortgage?
Question Details: Mother passed away and had a Will. She left house to her 5 adult children. Now, 3 of them want to continue living in the house and can pay the mortgage. None of them are not able to get a mortgage. Will bank force them to get out?
John Ducey / Law Offices Of John G. Ducey,PC
Answered 7 months ago
This attorney is licensed in New Jersey
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What do the other 2 think? If they want their money for the house the 3 will have to buy them out. Are there enough other assets to pay off the mortgage? Was there life insurance to cover the mortgage?
John Ducey
732-458-5600
