Can One Move An Asset With A Lien Attached To It - Into The Trust

Can One Move An Asset With A Lien Attached To It - Into The Trust

Typically an asset with a lien cannot be moved into a trust unless the trust will continue making payments on the loan. Both a vehicle and home can be sold with liens attached to the asset.

NOTE:
A mortgage is not a lien, no lien is placed until a foreclosure proceeding has completed.