Q: My father passed away & left properties - if he for some reason still owes a mortgage - am I as a heir responsible?
I never co-signed for any loans!
A: The real estate is subject to the mortgage and it should either be refinanced by the heirs or be sold to pay off the mortgage.
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A: If you did not sign the Note nor assume it, then you are not personally liable for the debt. The property is collateral for the debt. And if the mortgage note, taxes and insurance are not paid, it will be taken out of the Heirs ownership.
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