My neighbor inherited the house he grew up in. He passed away and his grandson got the house. Turns out his grandfather took out a loan against the house and blew all of the money at the casino. His grandson is now paying for a house that was paid off fifty years ago
In the US you can give it up to not get the debt. Would have just gotten nothing. Probably was still a better deal than going elsewhere. Or the grandson was just too sentimental about keeping the house.
If you inherited debt you got scammed
My neighbor inherited the house he grew up in. He passed away and his grandson got the house. Turns out his grandfather took out a loan against the house and blew all of the money at the casino. His grandson is now paying for a house that was paid off fifty years ago
So he didn’t inherit the house, not quite.
In the US you can give it up to not get the debt. Would have just gotten nothing. Probably was still a better deal than going elsewhere. Or the grandson was just too sentimental about keeping the house.