Home › Forums › Closed Forums › Buying and Selling RE › Need Advice › It’s not asinine to ask
It’s not asinine to ask 🙂
Once you inherit the note, there’s no loan anymore, so you can’t be in default.
Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?
Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.
