What Happens to Your Mortgage When You Die?
What Happens to Your Mortgage When You Die?
Mark Henricks Mon, April 18, 2022
If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally has the right to take over the payments and keep the home. Alternatively, terms of a will may direct that the estate’s assets be used to pay off the mortgage, and sometimes a life insurance policy will pay off the mortgage if the original borrower dies. If no one will assume the mortgage and there is no provision to pay it off, the lender may foreclose on the property and sell it. A financial advisor can help you deal with mortgage challenges during the estate planning process.
What Happens to Your Mortgage After Your Death?
Mortgages, unlike most other debts, don’t usually have to be paid back from the estate of a deceased person. With credit cards, car loans and similar debts, family members generally aren’t directly responsible. Instead, debts will be settled with funds from or generated by sales of assets in the estate before anything is distributed to heirs.
When the deceased person was married, the situation is different in community property states. Community property states include Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. In these states, surviving spouses may be responsible for paying back mortgages as well as other debts assumed by a deceased spouse during the course of the marriage. Note that debts assumed before the start of the marriage are normally not the responsibility of the surviving spouse. The specifics vary significantly from state to state, however.
With a mortgage, only the specific property that secures the loan is affected. Unless the will specifies otherwise, the other assets in the estate can be distributed to beneficiaries through probate rather than being applied to the mortgage.
While the mortgage debt survives the deceased person, the responsibility for paying it back doesn’t automatically transfer to anyone other than a surviving spouse in a community property state, again unless there is a co-signer. If there is a co-signer, that person remains responsible for the mortgage debt after the death of the other co-borrower.
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/happens-mortgage-die-150414432.html
CBI Reserves Fall Sharply To $77.8B
2026-08-13 Shafaq News- Baghdad The Central Bank of Iraq (CBI) has recorded notable shifts and a marked decline in its financial indicators, with the bank's net claims on the government rising even as official reserves shrink, economist Manar al-Obaidi, head of the Future Iraq Foundation for Economic Studies and Consultancy, revealed on Thursday.
Businessman Breaks Down the Dinar RV Timeline
The Dinar Den: 8-12-2026
For over a decade, the Iraqi dinar has remained a subject of intense interest for global market observers, history buffs, and private currency enthusiasts alike. The concept of monetary reform in a nation transitioning from decades of conflict to global economic integration is a fascinating study of international relations, macroeconomics, and fiscal policy.
In a recent, highly detailed conversation, veteran market observers Stephen and David shared their personal journeys, deep research, and nuanced perspectives on the Iraqi dinar’s potential path toward international revaluation.
Thursday Coffee with MarkZ. 08/13/2026
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: Customs agreements, WTO, and national sovereignty dominate Iraqi news. PapaDave couldn't join us this morning. Stacie talks health after the news.
Stephanie Starr: September 30th to October 1st, Watch the Timing
8-12-2026
SEPTEMBER 30 → OCTOBER 1. WATCH THE TIMING.
Iraq is reaffirming September 30 as the end of the U.S.-led Coalition’s military mission, with October 1 beginning what Iraqi leadership calls a “new phase” focused on sovereignty, security, economic development and prosperity.
October 1 is ALSO:
• Day 1 of the U.S. government’s Fiscal Year 2027
"My Account" project: Countdown begins for the complete abolition of "cash salaries" in Kurdistan by the end of this month
Erbil (Kurdistan24) - The Kurdistan Regional Government's "My Account" (Hizami Man) financial project team has issued a decisive notice to public sector employees and retirees, announcing that they have only 20 days left to receive their bank cards before cash payments are completely and finally stopped as of August 31, 2026.
Good Morning Dinar Recaps,
BRICS Moves From Talk to Financial Infrastructure: Iran Eyes Development Bank as Members Explore Linked Payment Systems
August 13, 2026 — Two developments this week point to a potentially important evolution inside BRICS: Iran says it will soon join the New Development Bank, while members are discussing ways to connect their fast-payment systems and central bank digital currencies.
The Tax Collector Now Gets a Cut of What He Finds
Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 11, 2026
Arguably the most famous man on the planet throughout the 1700s was the famed writer Francois-Marie Arouet, known to history as Voltaire. He wasn't just a celebrity writer and philosopher, however; Voltaire was also a wealthy capitalist and nobleman who almost single-handedly turned the impoverished region of Ferney into a highly productive watchmaking hub.
TNT:
Tishwash: Al-Zaidi to CENTCOM commander: By October, Iraq will be free of any foreign military presence.
Prime Minister Ali al-Zaidi confirmed on Wednesday evening to US Central Command chief Charles Brad Cooper that Iraq will be free of any foreign military presence on October 1st.
Al-Zaydi’s media office stated in a statement received by Shafaq News Agency that during his meeting with the CENTCOM commander, he emphasized the commitment to the agreed-upon timelines, which stipulate that September 30th will be a fixed and final date for ending the international coalition’s military mission in Iraq and completing the departure of its forces.
KTFA
Wednesday Night Video
FRANK26…8-12-26…. RED LINES
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Saladin Gas Field Targets 300M Cubic Feet Daily
2026-08-11 Shafaq News- Baghdad Iraq plans to raise gas production from the Ajeel field in Saladin province to around 300 million standard cubic feet per day, the Oil Ministry stated on Tuesday.
Deputy Oil Minister for Gas Affairs Izzat Saber Ismail said the projected output would strengthen the national gas system and could also support production of liquefied petroleum gas and condensates.
Good Evening Dinar Recaps,
U.S.–Iran Conflict Update: Ceasefire Talks Stall as Strait of Hormuz Remains at the Center of the Crisis
August 12, 2026 — The latest developments suggest the U.S.–Iran conflict remains unresolved, with diplomacy stalled and control of the Strait of Hormuz continuing to drive the confrontation.
Rob Cunningham: A Commission-wide Digital-Asset Safe Harbor
8-11-2026
The SEC’s Nuclear Option: A Commission-wide Digital-Asset Safe Harbor on August 14, 2026?
Section 36 of the Securities Exchange Act gives the SEC remarkably broad exemptive authority.
The SEC itself describes it this way:
“…the Commission may, by rule, regulation, or order, conditionally or unconditionally exempt persons, transactions, securities – or entire classes of them – from provisions of the Exchange Act or its rules, provided the exemption is in the public interest and consistent with investor protection.”
Japan Just Forced the US into an Impossible Choice
Taylor Kenny: 8-11-2026
Japan’s currency crisis may be exposing a much bigger problem for the U.S. The largest foreign holder of U.S. Treasuries—faces mounting pressure at the same time America is approaching $40 trillion in debt. So what happens if Japan needs cash and starts selling Treasuries?
The global financial system is currently experiencing subtle yet profound shifts that could redefine wealth preservation for years to come.
Bruce’s Big Call Dinar Intel Tuesday Night 8-11-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It is Tuesday, August 11, and you're listening to the big call. Welcome everybody from wherever you're listening, So let's do this. All right. Thank you, Bob. Appreciate that. Thank you, Sue.
And let's talk about where we are now in the world of Intel. It's a little bit quiet out there right now, but I'll tell you from the various perspectives of where we believe we are on our timeline.
Good Afternoon Dinar Recaps,
Cooling Inflation, Rising Debt Costs: The Fed Faces a New Policy Dilemma
U.S. inflation is easing toward the Federal Reserve’s target while record government interest costs increasingly complicate the path for monetary and fiscal policy.
Ariel: The Crash of Fiat and the Iraqi Dinar RV
8-11-2026
The Crash Of Fiat: Locking Up Liquidity & Transferring The Wealth Of The Ages (End Of Cabal)
We Are Going To Dive Right Into It Folks
Iraqi Dinar RV & The $80 Oil Peg:
Iraq is the keystone. Deleting the three zeros was said to require the Clarity Act to codify the asset-backed status into US law, preventing the Cabal from legally challenging the revaluation through their once captured SEC and judiciary. But we know that not the case.
Coffee with MarkZ, joined by Andy Schectman and Zester. 08/12/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: Andy joins us early, with talk of deleting zeroes I need to revisit an old topic today and cover the news in a hurry before Andy starts. Zester joins to wrap things up with Andy today.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Reset Intelligence: A Budget for What Rate?
8-11-2026
A Budget for What Rate?
By Reset Intelligence | @EXIT_FIAT
Iraq has started writing the next law that must name the dinar’s exchange rate – and the central bank is sitting at the drafting table.
Five Years With Half Pay, And Six Months Without Pay... Parliament Paves The Way For Granting Iraqi Employees A "Long Leave"
latest news Tuesday, August 11, 2026 Baghdad - One News - 8/11/2026 The Iraqi parliament is paving the way for the approval of a new option for state employees, allowing them to obtain a long leave of five years or more in exchange for receiving half of the nominal salary, in addition to a six-month leave without pay.
Good Afternoon Dinar Recaps,
CLARITY Act Hits a New Roadblock: Rural Republicans Join Banks in Stablecoin Yield Fight
The battle over stablecoin rewards is exposing a deeper conflict between traditional banking and the emerging digital financial system—putting the CLARITY Act's September Senate vote on increasingly uncertain ground.