Monday, October 19, 2020 / by Angela Hunter
As the cooler months loom closer, SnowBirds, often feel increasingly excited to head somewhere warmer for the winter. However, the weeks leading up to this seasonal migration represent the best time to slow down and make careful plans for your home while you’re away. Whether you’re an experienced snowbird or brand new to the lifestyle, winterizing your primary residence is a crucial series of steps before beginning your SnowBirding journey.
Active adult homeowners who winterize their homes can ensure that, when spring comes around, they return to their primary residence to find it in good shape. With careful planning and preparation, active adults can set themselves up for a relaxing and worry-free winter.
The following shares several tips and tricks about how to prepare your home for SnowBirding:
Keep Your Home Warm Through Winter
Many snowbirds head to a warmer climate in order to avoid the freezing winter temperat ...
Monday, February 3, 2020 / by Angela Hunter
What Happens if you Inherited a House with a Mortgage?
So you’ve inherited a house with a mortgage and wonder what’s next:
When a homeowner dies before the mortgage is paid off, the debt survives she. It must be paid off by the estate, assumed by another person, refinanced or paid off by the person inheriting it. The details can be complex. But, they don’t have to be.
Check them out below:
Assets, Debt and Death
When someone you love dies, the death can leave a huge hole in your life. But life goes on and the deceased person’s assets and debts don't disappear with them.
If your loved one owned a home and owed a mortgage debt, you may inherit one or both.
In any event, both must be addressed in probate by the executor and the court. Probate is a court-supervised process to deal with the estates of deceased persons.
Estates include all assets and all debts of the person, and the first job of the person in charge, termed the exe ...