Beth O

Getting a Home Equity Loan on a house in a trust.?

My husband and I are looking to take out a home equity loan, but have run into an unexpected problem; our house is in a trust. We did the trust to protect the kids should something happen to us.

I now realize many lenders won’t even consider a loan to a house in a trust. Any suggestions? Anyone know a lender we can try? Anything that might help would be so very appreciated.

Thanks,
Beth

...asked January 28th, 2012 @ 6:00 am in Loan - Home

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40475wizjp
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We do clsoings for homes in trust all the time. Up to the conditions of the trust. Worst case you disolve it and reset it later.

...answered January 28, 2012 @ 6:53 am


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