Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Will Probate ever require an heir to obtain a new mortgage?
Hoping some folks with probate experience can help.
My partner's father passed away with out a will and a small amount left on the mortgage and for various reasons we would like to keep the existing mortgage. From our research it seems like mortgage companies generally allow an heir to take over payments, however our lawyer has said there is a small chance they won't allow it. Has anyone seen this and if so what were the circumstances? I want to get an idea of how common it is before I dive to deep into looking at other finance options.
Thank you.