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House refinanced 3x (reddthat.com)

submitted 4 days ago by [email protected] to c/[email protected]

28 comments fedilink hide all child comments

My grandmother bought the home we lived in the 90s for 90k at a 8% interest rate. I found out she refinanced the house several times from what seems like predatory practices and malicious advice and now owes 250k at 6%. Basically the house I thought was paid off now has 30 mortgage and she is 90. Her grandkids are in the will to inherent the house but do we inherent this mortgage?

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[–] [email protected] 8 points 4 days ago

She'd have to pay the remaining balance before the bank will release the lien.