Posts Tagged ‘Real Estate’

 

If a father owes real estate debt does the debt go to the children after his death?

Monday, August 17th, 2009
jonairten asked:


Real estate debt as in a mortgage on a house that isn’t yet paid off. Does the bank just take the house? Or do the children have to pay off that debt?
PLEASE leave a link to an official website showing the answer if possible. Thanks much!

 

What happens to the credit card debt when your parents pass away?

Saturday, March 7th, 2009
Triple Nipple asked:


What happens to credit card debt when one’s parents pass away in the event that they do not have an estate, BUT the children do have an estate (real estate, etc)?

Morbid, but just wondering.