My dad holds the mortgage on our house. We make the payments. Upon his death, will the bank generally call the loan, or leave it alone as long as the payments are being made?
The bank will most likely prefer the payments continue to be made by your dad's estate, or you, until it's time for the real estate to be conveyed to you or whomever your dad's Will designates. If the real estate will be sold as part of the estate settlement, the bank is also likely to work with the estate representative to help things go smoothly. Unless payments were to be delayed without a resolution in sight, the bank is very unlikely to call the loan. Banks generally don't like to foreclose on real estate mortgages.
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