Posted on: 30th Dec, 2010 05:12 pm
My mother recently passed, I am the executor and beneficiary of her will. I've sent papers into BofA for the qualifying assumption of her loan, but from what I'm reading, this could take a while. I need to rent the house in order to keep it, but need to have my name somewhere on it before insurance will consider me legally for landlord insurance. What can I do? The house is in FL -- I'm in AZ.
Hi buccsgirl,
You will have to probate the will in order to get the property transferred in your name. Once your name is on the property deed, you'll be able to get a landlord insurance.
You will have to probate the will in order to get the property transferred in your name. Once your name is on the property deed, you'll be able to get a landlord insurance.
There is no probate on the estate -- in FL, it has to exceed $75k and it doesn't. So without having that hassle, what next?
Hi buccsgirl!
Welcome to forums!
In such a situation, you should contact a real estate attorney and he will help you in getting the property transferred in your name.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In such a situation, you should contact a real estate attorney and he will help you in getting the property transferred in your name.
Feel free to ask if you've further queries.
Sussane