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This will depend on the lender. Normally the estate can continue the mortgage for a reasonable period of time. It is up to the finance company to determine whether they trust the beneficiaries to continue the mortgage.

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14y ago
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9y ago

No, when a person dies their name must be removed (and if there is a new owner their name must be added).

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Q: Can surviving children leave the deed on a house in the parents name?
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The father with two children remarried still owning the properties he owned with his first wife who died. Does his second wife inherit a share of the properties?

The answer depends on several factors:How did your parents hold title to their property and/or did your mother leave a will?Was your father the sole owner of the property or did he transfer title to himself and his second wife?Did your father leave a will with provisions for the distribution of the property?If there was no will the property will pass according to your state laws of intestacy and his surviving spouse will be entitled to a share of his real property. In some states his children will be entitled to a share especially if the surviving spouse is not their parent. You can check the laws in your state at the related question link provided below.The answer depends on several factors:How did your parents hold title to their property and/or did your mother leave a will?Was your father the sole owner of the property or did he transfer title to himself and his second wife?Did your father leave a will with provisions for the distribution of the property?If there was no will the property will pass according to your state laws of intestacy and his surviving spouse will be entitled to a share of his real property. In some states his children will be entitled to a share especially if the surviving spouse is not their parent. You can check the laws in your state at the related question link provided below.The answer depends on several factors:How did your parents hold title to their property and/or did your mother leave a will?Was your father the sole owner of the property or did he transfer title to himself and his second wife?Did your father leave a will with provisions for the distribution of the property?If there was no will the property will pass according to your state laws of intestacy and his surviving spouse will be entitled to a share of his real property. In some states his children will be entitled to a share especially if the surviving spouse is not their parent. You can check the laws in your state at the related question link provided below.The answer depends on several factors:How did your parents hold title to their property and/or did your mother leave a will?Was your father the sole owner of the property or did he transfer title to himself and his second wife?Did your father leave a will with provisions for the distribution of the property?If there was no will the property will pass according to your state laws of intestacy and his surviving spouse will be entitled to a share of his real property. In some states his children will be entitled to a share especially if the surviving spouse is not their parent. You can check the laws in your state at the related question link provided below.