rougerage16
Junior Member
What is the name of your state (only U.S. law)? California
I want to refinance the mortgage on the house I am currently living in.
The house in a trust my mother left us and I am named the beneficiary along with my sister. I would like to refinance for two reasons, one the rates are low and two I want the mortgage in my name so I can get the tax write off.
My question is, What is the easiest way to transfer the property to do this? It seems I will have to have to take it out of the trust into my name, refinance it, then transfer it back into the trust. What kind of deed do I use to do this? Do I use a quitclaim deed?
The trust allows the trustee (a family friend) to transfer property as she seems fit.
Thanks so much!!
I want to refinance the mortgage on the house I am currently living in.
The house in a trust my mother left us and I am named the beneficiary along with my sister. I would like to refinance for two reasons, one the rates are low and two I want the mortgage in my name so I can get the tax write off.
My question is, What is the easiest way to transfer the property to do this? It seems I will have to have to take it out of the trust into my name, refinance it, then transfer it back into the trust. What kind of deed do I use to do this? Do I use a quitclaim deed?
The trust allows the trustee (a family friend) to transfer property as she seems fit.
Thanks so much!!