Curmudgeon10
New Member
- Jurisdiction
- Maryland
On purchase of new home in 2017, called Mortgage Servicer and told them I wanted to transfer title of mortgaged property to the subject trust: what did I need do first with mortgage company? I supplied that title and named trustees of the the trust were exactly the same as the mortgagees. Answer: "Just send us a copy of the new deed."
After I did that, received lengthy letter laying down conditions, requiring I send copies of the Trust, etc. Just based on the letter, I'm confident we can meet requirements, as long as they are finished giving us requirements.
Here are the questions: a) regardless of the situation with the mortgage company, is the Trust now the owner, i.e., "funded" by the real estate?
b) Since the letter from the mortgage service company is now nearly a year old (yes, I've been dragging my feet on this) and I haven't received a "mortgage due to transfer/sale" notice, should I care about pursuing this further?
c) Our executors are instructed to immediately sell the property, the proceeds of which will pay off the mortgage (with much to spare). Would the mortgage company even know or care when or how that happened?
Obviously, I'm searching for reasons to just let a sleeping dog lie.
After I did that, received lengthy letter laying down conditions, requiring I send copies of the Trust, etc. Just based on the letter, I'm confident we can meet requirements, as long as they are finished giving us requirements.
Here are the questions: a) regardless of the situation with the mortgage company, is the Trust now the owner, i.e., "funded" by the real estate?
b) Since the letter from the mortgage service company is now nearly a year old (yes, I've been dragging my feet on this) and I haven't received a "mortgage due to transfer/sale" notice, should I care about pursuing this further?
c) Our executors are instructed to immediately sell the property, the proceeds of which will pay off the mortgage (with much to spare). Would the mortgage company even know or care when or how that happened?
Obviously, I'm searching for reasons to just let a sleeping dog lie.