Legal Question in Wills and Trusts in Massachusetts
trusts
Can a trust be established while property is still mortgaged?
Asked on 8/14/02, 1:28 pm
1 Answer from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
Re: trusts
Usually the establishment of a trust is in contravention to most mortgage agreements, allowing the mortgagor to call in the loan, since the terms have materially changed.
Answered on 8/14/02, 10:09 pm