Private Money Lender Passed Away

[Isaiah Elysee]

Let’s say a private money lender gives me the money that allows me to purchase a house. While I am paying him the necessary interest, what would happen to my property and the money I have been paying him if the private money lender passes away? Do I start paying the bank? Does my property get taken away by the government?

[Ned Carey]

@Isaiah Elysee it's your first post, welcome to BP.

You pay the private lenders estate. It may be some time before you can figure out who to pay. I would put the money aside, so it is there when the estate demands it. If the lender loaned you all the money there is no bank. If there is a bank and a private lender, the bank can't take your property unless you stop paying them. 

The government will only take your property if you don't pay the taxes. They don't care if you pay your lenders.