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Note on mortgage

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Markf Guest	Posted: Wed Dec 10, 2008 11:16 am    Post subject: Note on mortgage Like 0 Dislike 0 My wife died intestate in CA and we owned the house in Joint Tenancy. The house was mortgaged but in her name only. I know I take "subject to" the note, but do I have to refinance or can the note be switched to my name? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Dec 10, 2008 8:41 pm    Post subject: Like 0 Dislike 0 Hi Markf! Welcome to forums! As the mortgage was only in her name, I think you will have to refinance the mortgage because you are the new owner of the property now. However, you can check with the lender if he allows a novation. But as far as I know, the lenders prefer refinancing. Feel free to ask if you have further queries. Sussane

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