Handling Mortgage After Death

Summary

In Missouri, if a property owner dies without a will, the property usually goes through probate court. The court appoints an administrator to handle the estate, and the mortgage must be paid by the estate. If the estate lacks funds, the property may need to be sold. Generally, you cant take over mortgage payments without probate, but exceptions may exist, such as being a co-signer or having a Transfer on Death Deed. Consult a local attorney for detailed guidance.

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So our grandma recently passed and left no will or anything and still has a mortgage but no one is on the mortgage besides our grandma. Trying to get an idea if we have to pay the mortgage or how we go about this situation
Hi ****, I'm sorry for your loss. Can you please tell me where you are located? The laws about inheritance and debt after death can vary based on location.
Clever missouri
In Missouri, if a property owner dies without a will, the property usually goes through probate court. Here are the key points:
- The court will appoint an administrator to handle the estate.
- The mortgage must be paid by the estate.
- If the estate lacks funds, the property may need to be sold.
Please consult a local attorney for detailed guidance.
Is it possible to take over the payments without going threw probate
In Missouri, you generally can't take over mortgage payments without going through probate. However, exceptions may exist like:
- Being a co-signer on the mortgage
- If the mortgage includes a "due on sale" clause
- Transfer on Death Deed
Please consult a local attorney for specifics.