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Can the bank take an inherited house if I keep paying?
Short answer
Generally no. For relatives who inherit, federal law usually stops the lender from calling the loan due just because of the death, as long as payments are made.
See every step in 1 minuteInheriting a house that still has a mortgage
People also ask
Do I have to qualify to keep paying an inherited mortgage?›What if several siblings inherit the house?›What is a successor in interest?›Am I responsible for my parent’s mortgage?›Can I sell an inherited house that has a mortgage?›Do I pay taxes when I sell an inherited house?›What happens to a reverse mortgage when the owner dies?›
Official sources
- CFPB: inheriting a home with a mortgageconsumerfinance.gov
- HUD: reverse mortgages (HECM)hud.gov
- IRS: inherited property and taxesirs.gov