Legal Question in Real Estate Law in Massachusetts

If an 85 year old person purchases a car and has a mortgage on their home and they die before the car loan is paid off, will the mortgaged home be subject to being forfeited?


Asked on 12/31/14, 1:38 pm

1 Answer from Attorneys

Your question is a bit unclear. A car loan is generally secured against the car not the home. If the 85 year old took a home equity loan against the home, then the estate will be given some time to sell the home or if a family member is inheriting the loan, they can assume the loan.

I suggest you seek assistance from an attorney with the probate and the loan.

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Answered on 12/31/14, 1:55 pm


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