My mother did a transfer on death deed to me with a loan on the house. Am I responsible for the loan or can I renegotiate the loan?
Question Details: Mother has died and now I'm worried about the loan on the house it has come to my attention I may be able to renegotiate the loan or was not even suppose to be able to will it to me with the loan
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Ordinarily, you inherit property subject to the liens and mortgages thereon. Some lenders may renegotiate. Do you have copies of the will, transfer on death deed, and the loan papers? Feel free to email me at sean@roadlawyer.net or call me at 913 441 5025 if you want to look into this further.
Sean Santoro/Attorney at Law/Licensed in KS and MO
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