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How do you protect yourself from incurring inherited mortgage debt from your father?
Generally, if your father owns real property and grants a mortgage while he is living there is no way you can "protect yourself from the mortgage debt" if he should die and you are his beneficiary. You could ask your father to purchase private mortgage insurance that would pay off the mortgage in the case of his death. However, if he does not then you have to decide if you want the property or not in the case of his death. If you don't pay the mortgage the lender will take possession by foreclosure. If you want to keep the property you'll need to pay the mortgage.
What else can I help you with?
Will bankruptcy protect me from foreclosure by my mortgage company?
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
Why you need building insurance for mortgage?
The the person who owns the mortgage (mortgagee) wants to protect their investment.
How does private mortgage insurance protect borrowers in the event that they are unable to make their mortgage payments?
Private mortgage insurance (PMI) protects borrowers by covering the lender's losses if the borrower defaults on their mortgage payments. This insurance allows borrowers to qualify for a mortgage with a lower down payment, but it does not protect the borrower directly.
What do you have to protect yourself from in a haboob?
You could stay indoors to protect yourself.
How can you protect yourself from marijuana?
how can you protect yourself as therapist from inappropriate behaviourhide
What to do to protect yourself?
you protect yourself by saying you have something bad--for kidnap
How do you you protect yourself from a crocodile?
uhmm to protect yourself from a crocodile is to... GET AWAY FROM IT?!
How can you protect yourself from UV light on earth?
You can protect yourself. You have to wear sunscreen.
Are fixed rate mortgages a good deal?
Fixed rate mortgages allow you to lock in a fixed rate for the life of the mortgage loan. This compares to adjustable rate mortgages where the rate may change. By getting a fixed rate mortgage you protect yourself from future spikes in interest rates.
Does a lender need to file a deed of trust on your property?
It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.It depends on the jurisdiction. The lender needs to file a deed of trust or a mortgage to protect its security interest in the property.
How do you protect yourself from monsters in backyard monsters?
To protect yourself from monsters your not supposed to attack them
How you protect yourself from porcupines?
how to protect yourself is don't leave food out and don't have that many trees.
