What happens if inherited property is in foreclosure? | NC

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Q: What happens if inherited property is in foreclosure and I am not on the deed or mortgage? A: Not being on the deed or the mortgage does not automatically erase your inheritance rights. If you inherited an interest when the owner died, you may still have a legal ownership claim even if no new deed was recorded. But if there was already a mortgage or deed of trust on the property, the lender…