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  Home >> Special Situations >> Deceased Individuals  
Who Pays Back Loan Held by Deceased?

My father had a balance owed on an equity line of credit after he died. Is it now my obligation to repay it?

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The line of credit became an obligation of your father's estate. It will have to be paid off as a condition of any sale of his former home.

Published on BankingQuestions.com 1/28/09