What Happens to Real Estate with a Mortgage When I Die?

What Happens to Real Estate with a Mortgage When I Die?

Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
Common Ways to Hold Ownership or Title to Real Estate.

Common Ways to Hold Ownership or Title to Real Estate.

Joint Tenants with Rights of Survivorship Real estate jointly owned by two or more parties, the share of each passing to the other owner(s) upon the death of an owner.   Tenants in Common Real estate with shared ownership with each owner owning a share.  Upon...