QUESTION
How can I transfer the title of my grandmother's property over to mines?
Asked on Jul 06th, 2016 on Wills and Probate - California
More details to this question:
My grandmother just passed away less than a month ago and her property is under Reverse Mortgage. I would like to keep the house. How can I pay off the loan ? Would I be looking into Refinancing the home or consider it a New Purchase? What lenders would consider giving me the loan?
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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You would need a probate action to transfer the house to you, then you can refinance and pay off the reverse mortgage. Act quickly, because the reverse mortgage must be paid off within 6 months of her passing, but you can get extensions.
Answered on Jul 13th, 2016 at 7:22 AM