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Dying With A Mortgage: What Happens To Your Home?

Monday, September 30, 2013 - 5:49 AM
The median amount of home loan debt for those 75 and older was just under $12,000 in 1989. By 2010, it was $52,000, an AARP study says. For those 65-74, it was $15,000 in 1989 but $70,000 in 2010 — a whopping 355% increase.

So what happens when the property lands in the laps of heirs?

http://www.interest.com/home-equity/news/dying-with-a-mortgage-what-happens-to-your-home/
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