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Quitclaim and refinance

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Jason B Guest	Posted: Mon Oct 04, 2010 5:57 pm    Post subject: Quitclaim and refinance Like 0 Dislike 0 Hi i am working to get a trust in place and put my mother s house in it it texas, I am reading that she has to use a quitclaim to put the house into the trust- does she have to refinance, and of so shouldnt the refinancing be in the name of the trust ?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Oct 04, 2010 9:10 pm    Post subject: Like 0 Dislike 0 Hi Jason! Welcome to forums! Your mother will be placing her property into a trust. This will not make her liable to refinance the mortgage. Your mother can use a quit claim deed and transfer her property into the trust. If future, if she decides to refinance the loan and cash out the equity, then she will have to remove the property from the trust. Feel free to ask if you've further queries. Sussane

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