WiWo Coach The right way to deal with residual debts when transferring real estate

WiWo Coach The right way to deal with residual debts when transferring real estate

WiWo Coach The right way to deal with residual debts when transferring real estate

Many families want real estate. There are a number of obstacles to overcome. This includes residual debt from real estate financing. A reader asks how his family should handle the mortgage. The notary and honorary professor Hartmut Wicke explains the best strategies for dealing with residual debts.

The previous owners, such as the parents, can pay off the remaining debt from the real estate loan. This is useful if you want to continue using the house. This can be regulated, for example, via a right of residence. Alternatively, the new owners, the children, can assume the remaining debt.