Keeping The Same Home Loan (Mortgage) Despite Transfer of Property Into Trust

Keeping The Same Home Loan (Mortgage) Despite Transfer of Property Into Trust

Many real estate investors perform a deal called 'subject to the existing mortgage' when purchasing homes from other people. What occurs is the homeowner Quitclaim Deeds their property into another's possession, without refinancing the loan into another's name. We have investors that have done this 100s of times personally and the lender has never called the loan 'due in full'. In short, the bank doesn't care about the transfer as long as they keep receiving on-time payments.

    • Related Articles

    • Can One Transfer A Clouded Title / Property Into Trust

      Yes, the transfer can still occur via a Quitclaim Deed (sells home as-is). An unpaid mortgage clouds title, but can still be transferred into a trust; however, the loan must be repaid in full to sell the property to any entity who requires financing ...

    • Can One Quit-Claim Deed The Property After Foreclosure Proceedings

      No. Even though the loan was fraudulent and they never lent any money, one cannot transfer property into a trust after foreclosure. No equity = No standing. Once title transfers, the mortgage company has the title to the home and there is nothing ...

    • Can This Remove A Mortgage / Home Loan

      Debt Removal Secrets will not work if one still possesses the home. A home is considered a secured debt because an asset can be seized. If the the home is no longer in one's possession, the debt / derogatory mark itself can be removed from the credit ...

    • How Would The Purchase of Property, Home or Car Work With Trust

      The trust can outright purchase the asset with cash/credit or it can seek financing - this requires building corporate credit. In most scenarios, someone will personally apply for a loan and then transfer the asset into the trust via a Quitclaim Deed ...

    • How Does One Transfer Assets (Home, Car, Etc.) Into Trust

      If the Grantor is the equitable/legal title holder of the asset, it may be granted into the Trust (without a necessity for probate). No matter the asset, it can be granted into the Trust's ownership. Passing assets to heirs can be done by a ...