Legal Question in Real Estate Law in Ohio

Mortgage and will

Can someone leave a house to you with a mortgageand can you make payments without a new mortgage?I have bad credit. Cant get a loan


Asked on 7/03/08, 6:16 pm

1 Answer from Attorneys
Robert Rosplock Rosplock & Perez

Re: Mortgage and will

Most mortgages have what is called a "due on sale" provision. This entitles the mortgage lender to declare a mortgage due in full if there is a change in ownership or the mortgage debtor dies. It is unlikely you could take over the existing mortgage.

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Answered on 7/06/08, 2:21 pm


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