Legal Question in Wills and Trusts in California

mortgage company and trusts

I am preparing a trust and wondering if i will experience any adverse affects from my mortgage company? We have had a mortgage with Countrywide for about 16 months.


Asked on 8/30/08, 11:57 am

1 Answer from Attorneys
Cheryl Anne Woodard Cheryl Anne Woodard, Attorney at Law

Re: mortgage company and trusts

If a borrower puts real property into his own revocable trust, in my experience, I have not seen a lender object.

If you are not an attorney, and you are preparing your own trust, make sure you understand how to fund the trust and how to function as a trustee.

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Answered on 9/04/08, 1:13 pm


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