Legal Question in Real Estate Law in Texas

My Mother died and left everything to my brother and I. Her home has a reversed mortgage on her home. I want to get a home loan and pay off home, and live in home. What kind of Deed/Document does the Lender need from my brother agreeing to let me purchase home.


Asked on 3/20/13, 7:32 am

2 Answers from Attorneys

Donald McLeaish McLeaish&Associates;, P.C.

The lender will require the will to be probated and the loan will pay off the reverse mortgage..so contact a home loan lender and they will tell you what is needed...normal cost of probate in Dallas for muniment of title runs from $1000 up plus costs. The lender may be able to include that in the loan to pay the reverse mortgage..and as you probably know, reverse mortgages must be settled within a year after death of homeowner...If I cal help, please call

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Answered on 3/20/13, 7:40 am
David Leon David L. Leon, P.C.

How did your mother leave you two the house? Was there a will? If not, you can establish title in you and your brother's name, and then your brother can deed out to you. You'll need to contact a probate attorney to do this properly. Most attorneys (myself included) will speak with you for free to determine the best way of accomplishing everything.

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http://leonlaw.com

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Answered on 3/20/13, 10:27 am


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