Refinance

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Icon Mini Profile bthahir




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PostPosted: Wed Jan 30, 2008 6:31 am    Post subject: Refinance

One of my friend wants to refinance his home but the property and mortgage is in his wife's name who passed away some two years back. Now he is making mortgage payments but still the title is in her name. He has got her death certificate but no will from his wife. What are the procedures should he follow to refinance his home?
Icon Mini Profile ckalvesmaki

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PostPosted: Wed Jan 30, 2008 6:55 am    Post subject:

Its not that complicated.....If he is on title..........she will ned to be removed and the title company will need a certified copy of the death certificate.....Any decent broker or lender should be able to get this handled.
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Icon Mini Profile gmakerley
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PostPosted: Wed Jan 30, 2008 8:20 am    Post subject:

from my reading of the original post, it seems that the prospective borrower is not an owner of the property.

my first thought on the topic - has the deceased wife's estate been probated? if so, that ought to clarify things once and for all.

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Icon Mini Profile ckalvesmaki

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PostPosted: Wed Jan 30, 2008 8:31 am    Post subject:

That may be the case......and if it is.......then the home would have to clear probate......
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Cedric Kalvesmaki
***Professional Disclaimer***
While I am a Mortgage Professional, this advice is generic in nature only.

888-383-9019

emails and PMs gladly answered
www.freedommortgagetexas.com

Freedom Mortgage
I live in TX but cover all 50 states
Icon Mini Profile charlesarmbruster
charles.armbruster
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PostPosted: Thu Jan 31, 2008 12:06 am    Post subject: refinance

Yeah, simply call the current lender -- they want the note to be in his name, believe me. Let them refinance him -- let them handle the title adjustments. Otherwise, simply get the ball rolling with another lender/broker -- just do it, as there is nothing really complicated here. Good Luck to him!
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Chuck Armbruster
Phoenix, AZ
Icon Mini Profile lisascherzer




Joined: 04 Jan 2008

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PostPosted: Sat Feb 02, 2008 2:51 pm    Post subject:

Even if he is on title and has a death certificate, it does not mean that the title company will just remove her from title without it going through probate. If the estate has gone through probate and he is granted 100% ownership then she will be removed. But no respectable title company will just remove someone from title without it going through probate unless it was a surviorship deed. If it is a surviorship deed, then he can just proceed and the title company will take her off the title.
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