Mortgage credits granted for long reimbursement periods present the risk that, meantime, the holder deceases. In order to take possession of the house, heirs are obliged to take over the mortgage loan, as well. For this reason, bankers advise clients to conclude a life insurance, and sometimes the policy is even mandatory. In Romania, applicants for housing loans may get into debt for periods of up to 40 years. The maximum age accepted by the bank on the completion of the contract may reach up to 75 or even 80 years, while life expectancy here is only 71.9 years. Therefore, statistical calculations show that in some cases it may happen that the holder of the credit contract deceases before paying the whole debt to the bank. In such a situation, property rights and debts are taken over by the heirs through inheritance. In case there is no life insurance ceded in favour of the bank, the heirs will have to reimburse the credit, if they wish to take possession of the real estate. If they do not hold the entire amount needed to cover the debt to the bank, they will be subrogated to the initial credit contracted by the holder and to the related payment terms it involves. The bank cannot deny this right especially that, in practice, it is very much concerned to recover the amounts. The only contractual clause that would leave a loop hole for the bank refers to the risk assumed during the performance of the loans. Thus, banks reserve the right to close the loan and execute the guarantee in case the risk assumed by crediting the customer would become too high. Nevertheless, the exercise of this right is rare and occurs in extreme cases. Heirs may even resort to rescheduling the initial loan or to refinancing it if they consider the new terms are more advantageous. In practice, it is also met the case when the heirs do not announce the bank about the death and continue to pay