Legal Question in Wills and Trusts in California
Living trust want to change name on house mom has outstanding loan, we're making payments on the loan.
Asked on 10/25/09, 6:47 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
If the house is now in the trust's name, the trustee would have to execute and have notarized a quitclaim deed in favor of those to whom the trust is giving the house. The lender should be made aware in advance and give its approval before doing so, however. You don't want to be caught by surprise after the fact!
Answered on 10/31/09, 1:21 pm