Can a Mortgage Servicer Accept Payments From an Heir? | NC

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Q: Can a mortgage servicer accept payments from an heir without putting the loan in the heir's name? A: Yes. A mortgage servicer may accept and credit an heir’s payments while the loan remains in the deceased borrower’s name. This can keep the mortgage current, but it does not make the heir personally responsible for the debt or formally transfer the loan into the heir’s name. The heir should…