What happens when the owner of a home dies and there is an existing 2nd mortgage on the house?


2 Answers

Phineous J. Whoopee Profile

Likely the house would be sold to pay the mortgage.

PJ Stein Profile
PJ Stein answered

If the person didn't have insurance to cover the cost, the house would need to be sold, or some other asset liquidated to cover the cost,

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