Dealing With An Inherited House



My father recently passed and I have inherited his townhouse. He had an existing mortgage. If I sell the home and payoff the mortgage, are there capital gains taxes or other taxes that I may have to pay? It was my father’s wish that the house be mine upon his death, yet I am afraid if I notify the mortgage company, they will pull the loan.
http://dongockel.realtytimes.com/consumeradvice/homeownersadvice1/item/32526-20150121-dealing-with-an-inherited-house

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