
What to do if you inherit a house with a mortgage
First off, the mortgage still needs to be repaid — whatever your ultimate plans for the home.
Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience. She has worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com.
First off, the mortgage still needs to be repaid — whatever your ultimate plans for the home.
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It’s in the five figures. And that’s on top of your mortgage.
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Usually, no. But you still need to have some cash on hand at the closing.
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