What options does an estate have to resolve a secured debt? | NC

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Q: What options does an estate have to resolve a secured debt after the owner dies? A: An estate usually has several choices — it can pay the loan, keep making payments if keeping the property helps the estate, sell the property and use the sale money to pay off the lien, surrender the property, or dispute some or all of the creditor’s claim. The key point is that probate does not erase the…