Submitted by flounderjaw t3_zbh5be in personalfinance
My mom died a couple of days ago but before she passed she had her house placed in a trust, there is currently still a mortgage on the house, located in Florida
I’m not sure what I’m supposed to do, it’s a really nice house and she got a good rate on it (around 2% I believe).
Am I supposed to try and put the mortgage in my name? (my credit isnt spectacular) Or do I just pay it as she normally would have and be good to go? I do plan on moving into the house.
Also I am the trustee listed within the trust agreement
edit: Spoke with the attorney that prepared the trust, he said that the mortgage does not need to go into my name and I do not need to qualify for the mortgage.
He also said the mortgage lender cannot accelerate the loan because my mom died.
I would just continue paying as normal. The house itself needs to go into my name for property tax and home insurance purposes but he will prepare the paper work for that once I have my moms death certificate.