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  1. #1

    Question What Happens to Mortgages After Somebody Dies

    My question involves estate proceedings in the state of: California
    Hi, I was wondering if someone can tell me.... what happens to a deceased person's property if the property owned was not paid off? Let me just give the particulars: My sister is dying (has a couple of months to live). She owes $40K on her condo. The condo is probably worth (in this market) apx. $75K. My sister has willed everything she has to her roommate. My thought is that the roommate will not get the condo though since my sister has a mortgage. If the property is worth more than what she owes though ...can the roommate get the difference? I greatly appreciate the help given on this site...thank you very much, Mel.

  2. #2
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    Default Re: What Happens to Mortgages After Somebody Dies

    The roommate will inherit the condo subject to the mortgage, and under those facts would have to refinance or pay off the mortgage if she wanted to keep the property.

  3. #3

    Default Re: What Happens to Mortgages After Somebody Dies

    Thank you. Mel.

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