When father dies, would son be responsible for unpaid loan to bank? 1 Answers as of August 03, 2016

There is a warranty deed - survivorship, with the father not as tenants in common with his son.

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Minor, Bandonis and Haggerty, P.C.
Minor, Bandonis and Haggerty, P.C. | Brian Haggerty
Are you asking about a mortgage loan on the property that is the subject of the deed? Then yes, the son is responsible for the loan, in that, if the loan is not paid the lender will foreclose against the owner of the property.
Answer Applies to: Oregon
Replied: 8/3/2016
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