Posted on: 12th Feb, 2010 03:20 pm
My father passed away recently and verbally left the mobile home and property to me. My 3 other siblings are signing over their portion if need be. I already have a mortgage on my house and the remainder balance on the mobile home is around 14,000, the home and land is vauled around 40,000. How would i get the mortgage in my name. I plan on renting out this property.
>>how would i get the mortgage in my name.
by refinancing the existing note.
you didn't mention is your dad had a will or liiving trust. if he didn't, his estate has to go through probate in order to get the title into your name. you won't be able to refinance until title is in your name.
by refinancing the existing note.
you didn't mention is your dad had a will or liiving trust. if he didn't, his estate has to go through probate in order to get the title into your name. you won't be able to refinance until title is in your name.