Legal Question in Real Estate Law in Florida

Re: Mortgages

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Re: Mortgages

If you change title, you will need a new mortgage. If you leave it in the name of the decedent and continue paying, the lender should accept it.

Re: Mortgages

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Almost every mortgage contains an exception to the due on sale or transfer clause for a transfer by operation of law to an heir. Accordingly, the heir can simply continue payments on the existing mortgage and not have to qualify for a new mortgage.

Scott R. Jay, Esq.