Legal Question in Wills and Trusts in California

If a residence is listed in a Trust - and it goes to forclosure - will the trustees be responsible for paying off loan???? or will it hinder their credit???


Asked on 3/24/10, 9:18 am

1 Answer from Attorneys
Ken Koenen, LLM Law Office of Ken Koenen

The only one liable for the loan is the one whose name is on the loan. It does not matter if the property is held in a trust or not, unless the trustee is liable on the loan.

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Answered on 3/29/10, 9:42 am


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