Hope this helps.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
email@example.com | http://www.AustinListed.com
On a side note, I'm personally exploring properties near the coast for investment purposes. Our family is tired of renting when we make our frequent trips to the coast, so if you want to consider other AS-IS offers, feel free to shoot me some info (address, sq. ft., year built, beds, baths, photos if available, price, etc.) and I will let you know if we're interested. We will be back down there in a couple of weeks.
Guy E. Gimenez ABR, CRS, GRI
Broker / Owner
The PowerHouse Group
It depends. Does he own the home now? Is he the executor of the estate? When it sells the title company will deduct the amount still owed on the property and pay off the mortgage. Whatever is left after expenses will be his.