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Debt After Death: 9 Things You Need to Know

Credit Corp

DISCLAIMER. If your loved one doesn’t have any beneficiaries listed on their will when they die, their mortgaged property may go into foreclosure. If no one is able to pay off the loan, the lender may repossess it. Losing a loved one is hard on so many levels. What debts are forgiven at death, for instance? Car Loan Debt.