Inheriting a House with a Mortgage? Here’s What You Need to Know
Inheriting a house with a mortgage? Here’s what you need to know. You have multiple options, including assuming the loan, sell the house or walk away.
While grieving over a loved one’s recent death can be emotionally draining, being given an inheritance comes as a godsend during these difficult times. According to a New York Life Survey, 15% of American adults anticipate receiving an inheritance, with 43% hoping it will be their loved one’s house. However, a mortgage still remains on nearly two-t...
