Posted on: 31st Jul, 2010 01:03 pm
if my mother is willing to put her house up for a home equity loan for one of her children can she if the deed names it as the family trust
Hi olrytom,
As far as I know, she will have to remove the property from the family trust and then take out a home equity loan on it. She won't be able to take out a mortgage on the property when it is in family trust.
Thanks
As far as I know, she will have to remove the property from the family trust and then take out a home equity loan on it. She won't be able to take out a mortgage on the property when it is in family trust.
Thanks