[rawhide]

Dear Tessa, My condolences to your friends and their family for their loss.

Unless your friends served as co-signers, they are likely not responsible for their deceased son's mortgage. Unlike some other countries, there is no "feudal bondage" here that obligates people to honor financial arrangements made by adult members of the immediate family. One exception is the obligation of spouses to their husband's or wife's mortgage debt in some community property states.

Expanded answer at link.

[BobL]

Makes sense to me. But good legal advice there. If the parents do something to show that they’re accepting the house, they may beat.

And the bank would JUST LOVE to trick them into it - so the bank doesn’t lose the $100k on the foreclosure.

[muawiyah]

I was thinking that it was certainly time to strip the property of fixtures and copper ~ unless it's already in probate, so they'd probably have to report that as a robbery (it's a common sort of thing when you leave a house vacant).

We had a family do that here about 25 years back.

A Democrat party fund raising official bought it as a bargain ~

[Sgt_Schultze]

FAFSA

[Mr. K]

shouldn’t his assets be sold to pay his debts?

You dont wipe them off your books because you die, and get to hand over everything to your family

You could get 20 credit cards and max them out withdrawing cash and buy a house, and then die and leave it to your parents? leaving 20 credit companies hold the bag?