
If someone dies and you are the beneficiary will you assume their mortgage automatically in the state of Ohio.?
If someone dies and you are the beneficiary will you assume their mortgage automatically in the state of Ohio, Or. will we have to refinance it (we are not on the deed)
ok if your sole benificary, you get what that person owns/owned including debts, BUT those debts would come out of her total wealth,(estate) if she had insurance on her mortgage,( incase of her death its payed off) you owe nothing, look at her loan agreement) if she didnt carry that insurance, then that loan must be satisfied.you may have to sell things to pay off her debts. you get whats left over. PS anyone that she owed money too has a chance to file for it. You put an add in the paper,so they have time to file a suit for repayment of said debts. read up on that for your state…. are you the executer of her estate? if so you need to read up about that. Good luck
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