Legal Question in Real Estate Law in New York

Can a mortgage be called if the borrower dies? I am the daughter of a deceased borrower which means the house passed to me. Can the mortgage be called if they find out he died


Asked on 5/12/10, 12:00 pm

1 Answer from Attorneys

Arnold Nager Arnold H. Nager, Esquire

It depends upon the terms of the mortgage.

However, the answer is probably.

In examining this response, please note that we are not entering into an attorney/client relationship, that this is to be taken as informative, and not as legal advice, that it is always best to speak to a lawyer in your area and/or in the area where the transaction and/or events occurred, and that my answer is necessarily limited by the fact that I have not seen the documentation or had an opportunity to go over the matters with you in detail.

Read more
Answered on 5/20/10, 4:45 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in New York