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Reply to "What happens to a balloon note when the lender dies?"
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[quote=Anonymous]The 300K loan is an asset that is held by the estate. If you had 2 sisters and the three of you split the estate equally, you would then continue to make payments on the loan and each of your sisters would get 1/3rd of the interest payment. In 2035, you would pay 300K to the estate, you would get 100K, and each of your sisters would get 100K. [/quote]
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