Legal Question in Wills and Trusts in New Mexico

Real Estate Loan Inheritance

Father in hospice care. Leaving me a property (manufactured house) in Texas. We live in New Mexico. Can I inherit the loan without a refi-or credit check?


Asked on 3/30/09, 1:57 pm

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Re: Real Estate Loan Inheritance

A loan cannot be inherited. Your father can sign the MH title over to you, and you can continue to pay the mortgage. The mortgage company does not care who pays the bill so long as there is no sale. You can contact the mortgage company and see if they will transfer the mortgage to you, but don't get you hopes up. Usually they won't.

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Answered on 3/30/09, 11:54 pm


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