You inherited a mortgage: What do you do?
Below is a post by Krissy Schwab, first appearing on our partner site the Zing blog at Quicken Loans:
The death of a loved one is an incredibly difficult time. Not only are you emotionally drained, but after the funeral you have the added anxiety of sorting through legal documents, financial information, and the last will and testament of the deceased. You want to be sure you take care of any financial loose ends, and that can turn into an overwhelming task.
One obstacle some may have to deal with after the death of a loved one is a mortgage. You might already have a home loan payment, and you simply can’t afford to take on another. So what options do you have, and what do you do next? We’ve got a few tips and things to consider when managing an inherited mortgage. Read the rest of this entry »
