Inheriting Property with a Mortgage

Most mortgages have "due on sale" clauses, meaning if you sell or transfer your property, the balance of the note secured by the mortgage is payable in full. But what happens if you inherit a piece of property with a mortgage on it?

Most mortgages have “due on sale” clauses, meaning if you sell or transfer your property, the balance of the note secured by the mortgage is payable in full. But what happens if you inherit a piece of property with a mortgage on it? Are you going to have to find financing or be foreclosed on?

This article by Deirdre Weatley-Liss answers that question. (hint: no, but there’s more to it so download the article)