QUESTION
What are my obligations as far as paying it If I were not it true they can only put a lien on it?
Asked on Jul 03rd, 2013 on Foreclosures - California
More details to this question:
Before passing away my mother in law put this house in a trust for me at the time of her passing she had a loan on it. The deed is in my name now but the loan was in hers.
1 ANSWER
You have to refinance or get the bank to qualify you. You cannot assume the loan. And, no you don't get the house for free with the loan removed.
Answered on Jul 07th, 2013 at 9:12 PM