What happens to the house and mortgage after a parent dies? | NC

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Q: What happens to the house and mortgage after a parent dies, especially if there might be mortgage insurance? A: A parent’s death does not erase the mortgage—so the lender can still foreclose if payments stop. The house may pass to heirs through a will, once it is properly probated, or it may pass under intestate succession if there is no will... but it usually passes subject to the existing…