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What happens when you die and leave a mortgaged house to someone?
Wiki User
∙ 16y ago
They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.
Wiki User
∙ 16y ago
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