Short Answer
If a borrower passes away, the mortgage does not automatically transfer or change. We must review documentation to determine who now owns the property and what options may be available.
What’s Happening
We understand this can be a difficult time. When a borrower passes away, ownership of the property may transfer through inheritance, survivorship rights, or estate proceedings.
Before we can share certain account details or discuss next steps with someone not listed on the loan, we must verify legal ownership.
If you were already listed as a borrower or co-borrower on the loan, you remain financially responsible and do not need to apply for additional status.
What It Means for You
If you are not listed on the loan but now own the property, you may qualify as a Successor in Interest.
Being confirmed may allow you to receive loan information, continue making payments, and discuss available options.
Ownership does not automatically transfer loan responsibility. You are not automatically added to the mortgage. Loan terms do not change.
You are not required to assume the loan to be confirmed as a Successor in Interest. If you want to become financially responsible, you may need to apply for a loan assumption.
If the loan was jointly held and one borrower passed away, the surviving borrower does not need to assume the loan.
What You Should Do Next
To begin the review, visit our Get Help page and select the appropriate option.
We will provide the required form and documentation instructions.
All requests must be reviewed before status can be confirmed.
Important Information
We cannot confirm status without required documentation.
Recognition as a Successor in Interest does not automatically make you financially responsible.
Contact Us If
You need to report a borrower’s death.
You inherited the property.
You were awarded the property in a divorce.
You are unsure whether you qualify.
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