The heir has several options, such as moving into the home and assuming the mortgage, buying out other heirs if they also inherited a portion of the property, or selling the house and using the ...

If you inherit mortgaged real estate, you have options. Here are some things to consider before deciding which to choose.

If the property isn't fully owned, you need to understand what happens if you inherit a house with a mortgage before you can make the best decision. "Make sure you're able to make the mortgage ...

If you suddenly inherited $500,000, what would you do with it? A lot of people very quickly reply, “Pay off the house!” However, in many cases, that instinct to shed yourself of mortgage debt ...

I’d usually agree, except when I received an inheritance several years ago, the money was mainly used to buy our house.

To bequeath a house is often to pass along financial ... It should be noted that heirs who inherit a home with a reverse mortgage still have some short-term obligations, like how to pay off ...

wasn’t enough to comfortably service her mortgage. “I was struggling to make payments because I bought the house with my inheritance, so I had a big deposit, but it all went to the house,” s ...