Posted on: 29th Mar, 2009 05:43 pm
My home is in my mothers name .She is deseased. How can I or should I try to get the home in my name the payments are behind and i want to assume the mprtgage I can pay the base mortgage but I cannot pay the balloon paymemt the mortgage company is asking for Help
probably you need to do a warranty deed
hi janiceg,
a warranty deed will not be helpful in this situation as your mother is deceased. you need to file an affidavit of heirship with the probate court to change the name on the property title. once the property is in your name, you can refinance the existing loan and pay off the balloon mortgage with the refinance loan amount.
a warranty deed will not be helpful in this situation as your mother is deceased. you need to file an affidavit of heirship with the probate court to change the name on the property title. once the property is in your name, you can refinance the existing loan and pay off the balloon mortgage with the refinance loan amount.