Is a Lender Allowed to Foreclose After a Borrower’s Death? While it’s common for people to think that their heirs will have to take out a new loan or refinance the house after their death, this isn’t always the case. The lender may need the assumption, refinance, or loan modification in the event of the death of a property holder with a mortgage. For More information:- https://www.radowlawgroup.com/blog/is-a-lender-allowed-to-foreclose-after-a-borrowers-death/