QUESTION
What happens to a mortgage when it's not paid for upon a death
Asked on Nov 05th, 2020 on Estate Planning - Michigan
More details to this question:
What happens to a mortgage when it's not paid for upon a death
1 ANSWER
2 Awards
Under federal law, the mortgage lender cannot foreclose for six months after the court appoints an executor or administrator as a personal representative of the estate. This gives that person time to sell the home.
Answered on Nov 06th, 2020 at 5:17 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.