Five siblings have inherited a home with a $20k mortgage ($250k value). The estate will be closed shortly, and the deed will need to be transferred to the 5 siblings.
What do we need to do with the mortgage. We have been told it needs to be refinanced in each of their names, and we have been told that the mortgage company will allow the siblings to pay the mortgage as is, until sold.
Thanks.
What do we need to do with the mortgage. We have been told it needs to be refinanced in each of their names, and we have been told that the mortgage company will allow the siblings to pay the mortgage as is, until sold.
Thanks.