a house was transferred to me upon the death of the owner. A lady bird deed had been previously done to accomplish this transfer. the home is mortgaged and i need to refinance it to my name. What is the mortage company going to require from me. I am in Texas and so is the property. will the title company accept this deed?
You are probably going to have to get a new loan. The house is in your name now You could keep paying the existing mortgage and when it is paid off the mortgage company will release its lien.
You will need to qualify for a new loan.
This comment is given for educational purposes only. No attorney-client relationship exists between us. If this information was helpful to you please check the box.
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline