Will banks typically offer a payment freeze grace period on a home equity loan on a single owner home, where the owner and loan recipient has died, leaving the home to more than one person? This situation has to go to probate before the estate can pay loan payments.
You will need to speak with the bank on this. They may inquire as to the value and liquid assets of the estate, and the estimated time to sell this property or at least service the debt according to the loan contract.
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You will need to speak with the bank on this. They may inquire as to the value and liquid assets of the estate, and the estimated time to sell this property or at least service the debt according to the loan contract.
