What to Do with an Inherited Mortgage

4 specific tips.

By Barry J. Friedman, CPA
IndustryNewsletters

The right of inheritance applies to all property, including properties with mortgages attached to them.

MORE: Alternative Minimum Tax: What’s It Like Today? | The Latest Rules on Charitable Donations | The Latest Fraud Problem: Synthetic Identities | How to Challenge Property Taxes | Real Estate, IRAs & Clients | Percentage-Withholding for Clients | Bitcoin: What Clients Need to Know | Supreme Court Wayfair Ruling Sows Confusion – And Opportunity
Exclusively for PRO Members. Log in here or upgrade to PRO today.

If your client inherits a mortgaged property, a number of questions and concerns may pop up, including whether the mortgage can be assumed. Your client may wonder how to record the deed and take title to the property.

Posted on February 28, 2019

Barry J. Friedman, CPA

About the Author

Barry J. Friedman, CPA, is CEO of IndustryNewsletters.

The accompanying article is one of the most popular among CPA firm clients in the IndustryNewsletters network, indicating strong client interest in the subject and potentially significant service opportunities for practitioners.

Click here to learn how IndustryNewsletters could help grow your firm.

Friedman brings more than 35 years of experience building and managing CPA firms, as well as digital marketing firms. Barry sold his regional accounting firm, Friedman & Fuller, to American Express and then created BizActions, LLC which became the first and most widely adopted email marketing service for CPA and payroll firms, which he sold to Thomson Reuters in 2012. Previously, he was the founder and CEO of GovCon where he developed an online electronic commerce community that brought together thousands of IT contractors and hundreds of government entities. He earned an MBA in Business Administration from Loyola College and taught Financial Management in that program for three years.

IndustryNewsletters is a powerful, easy-to-use digital marketing tool for professional services firms with a large and growing library of timely, relevant content. This robust platform includes an email newsletter service, OnTarget email blast tool, Social Sharing tool, Reporting, and more, to assist you in adding value for your clients and growing your business.

Click here for more by Barry J. Friedman, CPA

TO READ THE FULL ARTICLE

Continue reading your article with a CPA Trendlines Pro membership.