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re: What happens to homes when occupant passes?

Posted on 5/7/24 at 2:21 pm to
Posted by NfamousPanda
Central
Member since Jan 2016
808 posts
Posted on 5/7/24 at 2:21 pm to
My boomer parents passed recently. So now I'm paying that mortgage and my own until their house finally sells.
Posted by fareplay
Member since Nov 2012
4955 posts
Posted on 5/7/24 at 2:24 pm to
What were other options? Was there a liquidate option for market value or lower? Also did you have to pay tax on parts they paid off?
Posted by Sheep
Neither here nor there
Member since Jun 2007
19545 posts
Posted on 5/7/24 at 2:27 pm to
quote:

My boomer parents passed recently. So now I'm paying that mortgage and my own until their house finally sells.


Ditto.

If anyone wants to buy a two bedroom condo in Corn Sticks, Midwest, USA for real cheap, hit me up
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120526 posts
Posted on 5/7/24 at 2:56 pm to
quote:

My boomer parents passed recently. So now I'm paying that mortgage and my own until their house finally sells.


How did they still have a mortgage?

My boomer parents paid off their house in the 90s
Posted by Indefatigable
Member since Jan 2019
26774 posts
Posted on 5/7/24 at 7:13 pm to
quote:

My boomer parents passed recently. So now I'm paying that mortgage and my own until their house finally sells.

This is what happens when people believe that they don’t need estate planning.
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