Legal Question in Wills and Trusts in Florida

Living trust

Can a home that is mortgaged be put into a trust?


Asked on 5/20/08, 2:31 pm

1 Answer from Attorneys
Frank J. Pyle Probate Attorney Throughout Florida

Re: Living trust

Yes, if it is your home. Under Federal law the mortgage company cannot forbid it. If you ever want to refinance the home, the lender may require that you take it out of the trust until the refinancing is completed. Then you may deed it back into the trust.

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Answered on 5/21/08, 10:58 am


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