Left property with a mortgage

Woodie37

Registered User
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Hi. If a person is left a property, that has a mortgage on it - is the outstanding mortgage the reponsibility of the person who inherits it. Or should the outstanding mortgage been paid out of the estate generally. There is no life assurnace.

Many thanks
 
I would imagine that either the house is sold, the mortgage paid off, and the inheritor gets what's left over, or the inheritor pays off the mortgage and then owns the house. Because of the mortgage, the bank would have first call on the house. This is IMO.
 
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