What Happens to a Mortgage When the Borrower Dies? | NC

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Q: What happens to a mortgage when the borrower dies and the estate is trying to administer the property? A: The borrower’s death does not cancel the mortgage or remove the lien. The property generally passes to the heirs or beneficiaries subject to the existing loan. Unless the will expressly says otherwise, a beneficiary who receives the property usually cannot require the estate to pay off…