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1 reply

LeonardS
LeonardS
April 3, 2020

Do you have a specific question concerning being the successor of a home with an outstanding mortgage?

In general  if you are a successor, it’s important to remember that you only inherit the title of the home, not the mortgage. Until you go through the assumption process, there is no personal obligation for you to make the loan payments. In other words, your credit isn’t linked to the payments needed to make the loan, so you are not legally bound to pay the existing loan amount. Ref: QuickenLoans

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