[EarlyRetiree]

...dead person's name? Or will the mortgage transfer to the heirs? My father-in-law passed away recently and he owed as much or more than the value of the house on a home equity loan. Can we let the loan default and let the house foreclose? Or will the home equity loan automatically transfer to the heirs and affect their credit?

This home is in Texas.

[snoopysmaster_001]

"normally" there are clauses or some type of insurance that provides the debt to be erased in the event of the borrower's death.