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Florida mortgage company Are Surviving Children Responsible for Mortgages. – Are Surviving Children Responsible for Mortgages?. In most cases, children are not obligated to pay a deceased parent’s debt. However, if the child wishes to keep a home with a mortgage, the child.
What happens to my debt after I die? | Law Offices of Frye. – · If you co-signed on a child’s loan, he or she is responsible for continuing the payments. If you leave your home to a loved one, that relative can decide to continue making mortgage payments or to sell the home. The good news is that creditors cannot claim a portion of a life insurance policy you purchased for your children or retirement.
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