Mega-Thread: Trump Focused Discussion

[Endus]

Does the debt accrue interest for the bank during the interim period between the death of the previous owner and the inheritor selling it or taking a new mortgage to keep paying for it?

Why would it? The mortgage is with the deceased, the property iitself is essentially collateral. Debt and contracts end with the death of the holder.

[Gorsameth]

Why would it? The mortgage is with the deceased, the property iitself is essentially collateral. Debt and contracts end with the death of the holder.

Because the system isn't fair by design?

'It shouldn't' is rarely good enough.

[Rasulis]

Why would it? The mortgage is with the deceased, the property iitself is essentially collateral. Debt and contracts end with the death of the holder.

I think he was asking about the transition period. If the property goes through probate, then the probate officers will keep making the payments (mortgage, taxes, insurance, etc.) during the transition period. Money will be taken from the estate. Once the inheritance clears probate, then the new owner(s) will be responsible for that. Contact the loan servicer and reach out to notify it of the death. The mortgage servicer will request a copy of the death certificate and probated will. Once that information has been verified, the servicer will give you information about the remaining loan balance and monthly payments. You should keep the terms of the previous mortgage loan. Unless you decide to refinance.

If the property is owned through a joint LLC (highly recommended), then there should be no break. The LLC will keep making the required payments. No probate either.

[Gabriel]

Why would it? The mortgage is with the deceased, the property iitself is essentially collateral. Debt and contracts end with the death of the holder.

Because this is the US we are talking about.

[Mayhem]

The only benefit is for Trump. He will see people swapping to a 50 year, say they love Trump, fail to build equity in 10/20 years after Trump has died, and blame people other than Trump or themselves for a mistake Trump let them make and they made it.

This is a scam.

Trump is trying really hard to become the Reagan of our time.

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Why would it? The mortgage is with the deceased, the property iitself is essentially collateral. Debt and contracts end with the death of the holder.

Why would it? Because the Bank is for sure not just waiting on a "maybe/maybe not" sale of what is at least in part their property.

[Endus]

Why would it? Because the Bank is for sure not just waiting on a "maybe/maybe not" sale of what is at least in part their property.

That's where foreclosure comes in. Which is the sale of the house.

A mortgage is essentially a loan. The house is collateral for that loan. Debts like loans don't transfer to next of kin, but the collateral for that loan may be taken from the estate; that means they could push to have the house sold in an estate sale from which they'd take their equity, and the rest would remain in the estate to be distributed according to the deceased's will (if any). That'll all get settled before the house gets handed over to a new owner. That may involve signing a new mortgage with the bank for the remaining equity. So far as I know, the mortgage itself expires with the death of the holder, like any other held debt would; it gets taken out of the estate (including owned property) where possible.

It's one of the reasons they recommend multigenerational houses put the house into a family corporation's ownership; the corp owns the house and thus there are no wrinkles or changes that occur on the death of the primary head of household who would otherwise own the house in their name; the surviving members still run the corp and continue making payments and you don't run into shenanigans like the bank insisting on getting their equity and foreclosing or offering harsher mortgage rates to the new owner(s).

The bank is absolutely getting their money. I wasn't contesting that. You don't get to keep the mortgaged house and see the bank's equity in it vanish. That's not what I was saying. I was saying the bank can't turn to the inheritor and demand payments on the mortgage.

[Edge-]

https://www.cnn.com/2025/11/11/polit...nce-sharing-us

The United Kingdom is no longer sharing intelligence with the US about suspected drug trafficking vessels in the Caribbean because it does not want to be complicit in US military strikes and believes the attacks are illegal, sources familiar with the matter told CNN.

The UK’s decision marks a significant break from its closest ally and intelligence sharing partner and underscores the growing skepticism over the legality of the US military’s campaign around Latin America.

Congrats to Donald, Tulsi, and the Republican party!

In under 12 months they've made the US so odious and untrustworthy our literal closest allies don't even trust us anymore

USA

USA

USA

USA

The gallows should await all these people.

[Draco-Onis]

Why would it? Because the Bank is for sure not just waiting on a "maybe/maybe not" sale of what is at least in part their property.

Before you pay it off the bank already has packaged your loan into other financial securities and sells it six ways until Sunday to investors for astronomical profits. They get the interests, the collateral (house) upon your death, a 50 year mortgage exponentially increase the value of that investment packet not just because of the interest but because of the risk factor is zero since there's little to no way you will get to keep that house. The age of the average home owner is 40 years old the life expectancy in the US is 76-77 years old and falling, the math isn't mathing.

[Valdhammer]

Don’t they now also have 10 year car loans? Or maybe it’s being contemplated. Whatever the case, no one’s confusing that for affordability. Same goes for housing. A 50 year mortgage doesn’t really help working families.

[Gorsameth]

Slightly lower rates for much longer. You end up paying much much more over time and you likely won't even live long enough to own it at the end.

The only thing is 'solves' is how to better trap people in debt forever.

[Breccia]

The Miracle Mile Shopping Center in Chicago, once considered our Nation’s BEST, now has a more than 28% vacancy factor, and is ready to call it quits unless something is done about the murder and crime, which is prevalent throughout the City.

CALL IN THE TROOPS, FAST, BEFORE IT IS TOO LATE!

"I can't find that on Google Maps."

It doesn't exist. There is no Miracle Mile anything in Chicago. Miracle Mile is in Los Angeles. Chicago has the Magnificent Mile.

"Easy mistake to make."

Not by literally anyone who has been to either place.

"What is a vacancy factor?"

Income loss due to vacancy.

"What's the vacancy factor for Trump Tower?"

It is a matter of public record that it is in the high 20% and it has been that way for some time. I hear the problem is because of all the crime - the owner is a felon.

"Which public trusted source put the vacancy factor of the Magnificent Mile shopping mall into public?"

Near as I can tell, this one.

Chicago’s Magnificent Mile, once the pinnacle of Midwest luxury shopping, is showing early signs of recovery, reports WSJ. After years of struggling with store closures, falling foot traffic, and high-profile crimes during the pandemic, the stretch of North Michigan Avenue is gradually regaining its vitality.

Visits near prepandemic levels as falling rents and reduced crime draw more retailers back to Chicago’s Magnificent Mile shopping corridor.

Recent leases highlight renewed confidence in the area. Canadian fashion brand Aritzia took over a long-vacant 46K SF space, and Uniqlo, which exited the street in 2021, is returning with a new flagship at nearly half its former size. Meanwhile, experiential retailers like the Harry Potter Shop and the Museum of Ice Cream are expanding the avenue’s appeal beyond fashion.

Rents, down 24% from 2019 levels, are helping lure these tenants back. “The Avenue is still in recovery mode,” said John Vance of Stone Real Estate, “but it looks better.”

Despite signs of improvement, the corridor is far from its heyday. Vacancy remains high at 25%, and several storefronts are still advertising available flagship space. Two major malls—Water Tower Place and the Shops at North Bridge—have been handed back to lenders. While the Shops at North Bridge is set for renovations in 2026, Water Tower’s future remains uncertain.

Adding to the challenge, some brands like Cartier and Bottega Veneta have permanently relocated to the fully leased Gold Coast neighborhood nearby.

The Magnificent Mile’s future might not mirror its past—but its trajectory is once again heading upward.

"Does the article say anything about crime?"

Yes.

Crime, once a dominant concern, has declined 4% year-over-year in the area’s police district. The Magnificent Mile Association has even added private security patrols. Still, high-profile smash-and-grab incidents at Louis Vuitton and Rolex continue to shape perceptions of safety.

There are dozens of local sources over 2025 that say the same thing. Also, Bloomberg pointed out the reason the articles keep saying "since 2019" is that retail was hit by COVID, everywhere. Chicago is just no exception. The WSJ also calls out the crime rate is dropping.

There is no mention of "call it quits".

There is no mention of "over 28%".

In other words, Trump is lying. Shocker, I know.

[DarkTZeratul]

That's where foreclosure comes in. Which is the sale of the house.

A mortgage is essentially a loan. The house is collateral for that loan. Debts like loans don't transfer to next of kin, but the collateral for that loan may be taken from the estate; that means they could push to have the house sold in an estate sale from which they'd take their equity, and the rest would remain in the estate to be distributed according to the deceased's will (if any). That'll all get settled before the house gets handed over to a new owner. That may involve signing a new mortgage with the bank for the remaining equity. So far as I know, the mortgage itself expires with the death of the holder, like any other held debt would; it gets taken out of the estate (including owned property) where possible.

It's one of the reasons they recommend multigenerational houses put the house into a family corporation's ownership; the corp owns the house and thus there are no wrinkles or changes that occur on the death of the primary head of household who would otherwise own the house in their name; the surviving members still run the corp and continue making payments and you don't run into shenanigans like the bank insisting on getting their equity and foreclosing or offering harsher mortgage rates to the new owner(s).

The bank is absolutely getting their money. I wasn't contesting that. You don't get to keep the mortgaged house and see the bank's equity in it vanish. That's not what I was saying. I was saying the bank can't turn to the inheritor and demand payments on the mortgage.

While I can't say I have a lot of experience with this sort of thing, I can say that at least when my mother-in-law died, the mortgage company was perfectly happy to just transfer the mortgage for her home as-is to my wife without anything more complicated than a few phone calls and the death certificate.

[Endus]

While I can't say I have a lot of experience with this sort of thing, I can say that at least when my mother-in-law died, the mortgage company was perfectly happy to just transfer the mortgage for her home as-is to my wife without anything more complicated than a few phone calls and the death certificate.

Yeah, I'm not saying this is particularly complex or difficult. Just that the bank can't tell the inheritor "mortgage payment now"; there's a process where you're either taking over the mortgage, signing a new mortgage, or selling the home and divvying the equity. The bank can't just demand interest payments from the new inheritor, because the new inheritor doesn't have any mortgage/loan agreement with the bank automatically. The alternative to establishing one is buying out the remaining equity or selling the home, obviously, though. I'm just saying there's that one small additional step required.

[Edge-]

https://www.npr.org/2025/11/05/nx-s1...ge-judge-order

White House ordered to use ASL interpreters for official events and presidential comments etc.

DOJ fights it because of course they do.

[Mayhem]

Before you pay it off the bank already has packaged your loan into other financial securities and sells it six ways until Sunday to investors for astronomical profits. They get the interests, the collateral (house) upon your death, a 50 year mortgage exponentially increase the value of that investment packet not just because of the interest but because of the risk factor is zero since there's little to no way you will get to keep that house. The age of the average home owner is 40 years old the life expectancy in the US is 76-77 years old and falling, the math isn't mathing.

Oh of course, it's just the next bubble because the US economy is essentially a sequence of bursting bubbles with the rich quick enough to move wealth from one bubble to the next just in time.

[Gestopft]

The only thing is 'solves' is how to better trap people in debt forever.

I mean...that's the point, isn't it?

[Dontrike]

Looks like they broke Truth Social because it's new AI function is telling the truth.

[Odinfrost]

Trump is trying really hard to become the Reagan of our time.

Well, he will accomplish his goal of being remembered.
But with the caveat that most will remember him for all the shit he fucked up, and hate him.

[alach]

Looks like they broke Truth Social because it's new AI function is telling the truth.

Thats frickin hilarious.

About the voting issue, anecdotally, I live in a region with notorious low voter turnout and people are constantly bitching about the government. I don't think they realize if the they would actually get out and vote they could easily swing the election any direction they wanted, as the people in power are doing so with only a 24% majority of a 42% electorate. The actual number of votes to tilt an election is just so low. Its just frustrating to watch.

[gondrin]

Is that how it is in the US? You can't inherit debts here in Finland at least.

When it comes to a mortgage, here in the US, ownership is with the person buying the home. However, since the bank has a lien on it(said mortgage), they can actually file a claim on it if in the event the debt has been defaulted on.

If in the event of the death of the deed holder if there is a mortgage, the lender is allowed to claim any amounts owed from any proceeds if there is a sale of the property. If there is no sale, since there is a lien, it follows the property and whomever decides to become the executor of the estate or assumes responsibility for the property by becoming the deed holder, they would be required to satisfy said terms of the loan otherwise the bank or lender can foreclose on it.

Anyone taking a 50 year loan is literally leaving any next of kin or anyone who would inherit the property a debt.

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https://www.npr.org/2025/11/05/nx-s1...ge-judge-order

White House ordered to use ASL interpreters for official events and presidential comments etc.

DOJ fights it because of course they do.

Knowing this administration, they probably think that someone doing sign language during a briefing is someone throwing around gang signs.