How to transfer home with mortgage(s) into living trust?
A home can be transferred into a living trust even with mortgages in place. I would advise you hire/consult with an attorney to do it but if you...
Mission Viejo, CA
Estate planning Lawyer at Mission Viejo, CA
Practice Areas: Estate Planning, Real Estate ... +3 more
A home can be transferred into a living trust even with mortgages in place. I would advise you hire/consult with an attorney to do it but if you...
Typically the mortgages are non-transferable so they most likely won't let you assume it. You can contact them and try to work out a payoff. ...
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You may want to review your title policy and title insurance as well. Sometimes those companies can be resources or it may be their obligation to...
You need to touch base with the trustee that executed the sale. Review your notices, their info should be on there.
Your question is vague and impossible to answer. Do you mean if you are foreclosed by the 1st mortgage, would the 2nd be able to go after you? ...
Once the sale is held and it is foreclosed, you are not obligated to pay rent to the former owner. Beware though, the new owner may attempt to...
I agree with my colleague. If you are setting up a basic revocable trust, you should be ok to put the house in it.
Are you in bankruptcy because the other 2 attorneys are assuming as much? If you are not in BK and just asking if you can get a mod on your loan...
You are entitled to ask but there is no requirement that any principal reduction be given. Just like there is no loan mod requirement, principal...
Who was on the loan agreement? Did you have any written agreement between the two of you? You would need more definite facts to proceed. ...