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Money and accounts

What happens to their mortgage?

Short answer

If you were a co-borrower or surviving spouse, you may be able to continue payments or refinance. If the home goes through probate, the mortgage stays with the property. Do not stop making payments without talking to the lender — foreclosure can…

What this usually means

If you were a co-borrower or surviving spouse, you may be able to continue payments or refinance. If the home goes through probate, the mortgage stays with the property. Do not stop making payments without talking to the lender — foreclosure can start quickly.

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