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What is Texas Laws on refinacing with home in a trust?

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rhodie4133 Joined: 22 Jul 2009 Posts: 1 1.30 Dollars($)	Posted: Wed Jul 22, 2009 6:24 am    Post subject: What is Texas Laws on refinacing with home in a trust? Like 0 Dislike 0 Want to refinance my home and am not clear as to why I am being told that my home can't be in my trust in order to do so?
timcrouchman Joined: 20 Jul 2009 Posts: 52 0.00 Dollars($)	Posted: Wed Jul 22, 2009 9:59 am    Post subject: Like 0 Dislike 0 If it is in the living trust, you can not refinance the property.
Guest	Posted: Thu Jul 23, 2009 12:50 pm    Post subject: Like 0 Dislike 0 why can't it be in a living trust to refinance???
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Fri Jul 24, 2009 12:12 am    Post subject: Like 0 Dislike 0 Hi Guest, As the property is in the name of the trust, the lender will not consider you as the owner of the property. The trust will be considered as the owner of the property. you'll have to remove the property from the trust and then refinance it. _________________ Procrastination is the enemy of your financial success

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