If you do a formal probate debtors must file proof of their claims or debts they are owed. 

That's going to generate much more cash flow than when you're paying a monthly nut for the debt. Or

The debt partner is not a partner either relative to the debt or the equity – he did not have to sign onto the bank debt, nor is he responsible for it.

Since the record owner cannot sign paperwork, probate process is designed to "settle" all claims, both for other claims and debtors, if any. 

If that becomes an issue you need to see an attorney.In your pricing, consider costs of foreclosure and time required in holding or safeguarding the property.However, any debtor may give a deed-in-lieu-of-foreclosure after the event of default and demand, so it doesn't mean you must go to court, you might get a DIL.

Two options are debt or equity partnerships.  

Go in, find the subject you want, and skim through every book they have in that section, how to alleviate debt or real estate investing or retirement planning (even at your age), weed out the dated ones (like the leverage to the hilt, everybody is waiting to lend you money ones), and then actually check out the books that intrigue you.

My question is: With the relatively small amount of disposable income I have, is it better to separate some of that off to make extra payments to the house mortgages to pay them off sooner, or should I just let the mo...

I need some financial advice.I have 2 Rental properties where I am owner occupant of one of the multi units.I have 60k in equity in one of the properties that I will like to use to consolidate debt or continue buying more rental properties for an additional cash flow with a HEL at 4.50% interest. 

The grim reality of the situation is that we have created a debtor nation which eliminates true home ownership from the vast majority of Americans.Mortgages used to be 3 years...then 5 years...then 10....you know the rest.