Legal Question in Real Estate Law in Massachusetts
Can I take out a loan if I have if house is in my name and parent is trustee?? I would like to take out a loan to help pay some outstanding bills and have some security in the bank...just recently lost job and it would help my family!!!
Asked on 9/21/11, 2:27 pm
1 Answer from Attorneys
Christopher Vaughn-Martel
Charles River Law Partners, LLC
I am not entirely clear on how the property can be titled in your name and also be titled in the name of a trust, with your parent as trustee. If you are interested in refinancing, I would be more than happy to connect you with an excellent real estate colleague. Feel free to call me at 617-357-4898.
Answered on 9/21/11, 6:26 pm