What happens to the EARN Note upon the death of the homeowner(s)?
The EARN Note becomes part of the last surviving homeowner’s estate upon his/her death. The EARN Group will schedule an independent Certified Appraisal of the home once notified of the death. The estate is then responsible for paying the EARN Note investor the value of the EARN Note within 6 months of death. Under some circumstances the investor may consider allowing the EARN Note to remain in place, subject to an agreed upon amendment to the EARN Equity Note.
