ANSWERS: 1
  • Even though it is not assumable, it may have a clause that says that heirs are responsible for the mortgage. If not, you will be able to deduct it from anything you inherited since it is an expense to the estate and not to you. Frankly, it is something you should discuss with an accountant.

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy