If an inherited property in Lebanon is under mortgage, the debt must be fully settled before ownership can be transferred to the heirs. This process may involve the heirs directly repaying the outstanding loan, or in cases with life insurance coverage, the insurance company paying the debt on behalf of the estate. A notary then prepares a Mortgage Release Deed, which is submitted to the Land Registry. Once processed, the property title is updated, removing the mortgage notation. Clearing these debts ensures the estate is transferred free of encumbrances, allowing heirs to claim their rightful ownership without legal or financial restrictions.
Process:
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The heirs or insurance company (in case of life insurance) repay the debt.
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A notary executes a Mortgage Release Deed.
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The Land Registry updates the title to remove the mortgage notation.
Conclusion: Clearing property debts ensures the estate is transferred free of encumbrances.
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