Could my family sell other assets to repay the equity release loan?

Feb 13, 2018 ... ... death they had to pay back something like 60k from the sale of the property. Im worried that nobody will notify the equity release company ... Sep 12, 2024 ... In most cases, your equity release plan will need to be paid back within 12 months of your death, but it's advisable to check your lender's ... Jan 8, 2014 ... The answer is yes and no. The liens stay with the property. As long as you stay there they have to be paid. But if the property goes into ... Discover what happens to auto loan debt after death, who is responsible, and how estates, co-signers, and insurance policies affect vehicle financing. Mar 24, 2021 ... The loan is paid back to the State after the sale of all or part of the asset or your death, whichever occurs first. A person who has ... You must ensure that the Equity Release plan (lifetime mortgage or home reversion plan) is written in both partners' names. That way, when one partner dies, the ... Jan 23, 2025 ... Should I co-sign for the home equity loan or guarantee a car loan or mortgage if we are not getting along? Consider that co-signing for a loan ... Issues to consider with equity release. What happens if my partner and I have to go into long-term care? How will the money I get affect my pension or ... Jan 31, 2024 ... “My goal is to create a safer, stronger and healthier Louisville and to do ... Heart disease and cancer are the leading causes of death for ... When the last borrower dies, the equity release plan comes to an end and the property will need to be vacated.