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Mortgage to Pay for Inherited Property

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cfreneu Joined: 11 Jul 2010 Posts: 1 1.28 Dollars($)	Posted: Sun Jul 11, 2010 10:47 am    Post subject: Mortgage to Pay for Inherited Property Like 0 Dislike 0 I will be jointly inheriting my mother's house with my sister, through a revocable living trust. If I buy out my sister to live in the house, is there a different mortgage process? The house is in California and is paid for, so I would have 1/2 equity in the home to begin with. Thank you.
greg3 Joined: 18 Jun 2010 Posts: 121 Location: California 21.39 Dollars($)	Posted: Sun Jul 11, 2010 1:31 pm    Post subject: Like 0 Dislike 0 This could easily be accomplished all through closing. Your sister would simply quit claim to you and you would obtain a cash out refinance. You may have to be on title for 6 months before you can do this however. _________________ Gregorio Denny Tripoint Mortgage Group, Inc 800-335-6897 NMLS# 247044 WeFixRates.Com

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