Posted on: 05th Jul, 2012 04:27 pm
my father passed away and left the home to my wife and i. the name on the deed is still in his name however, the house needs updating and a few minor repairs. in the state of tn, can you get a home equity loan if the home was left to me but the deed still has my fathers name on it? i am the only child and i am named as the sole heir and executor of his estate. i have settled all of his financial affairs and have keep the county and city property taxes up to date. the receipt for the taxes was in my name. thank you for your time and help.
Check with your county recorder or local title office, but you should be able to show the death certificate and issue a afidavid of Heirship, once you have legal title to the home, you can encumber it in any way you seem fit. Without being on title, you would not get any assistance as the home is not legally yours. Good luck
Hello M. simpson,
People who have equity in their home are eligible to apply for a home equity loan that uses their home as collateral for the loan. The benefit of these loans is the low interest rates. Finding home equity loan lenders are easy if you are willing to look around.
:idea:
People who have equity in their home are eligible to apply for a home equity loan that uses their home as collateral for the loan. The benefit of these loans is the low interest rates. Finding home equity loan lenders are easy if you are willing to look around.
:idea:
Is there a mortgage on the property?
I have a clear title and my home is in a manufactured home park
Hi ref3,
If the property is in your name, then you should contact the local lenders and apply for a home equity loan. You will get it provided you meet all the required criteria of the lender.
Thanks
If the property is in your name, then you should contact the local lenders and apply for a home equity loan. You will get it provided you meet all the required criteria of the lender.
Thanks
According to me you can get it after showing the title and document of the house. You can get it by showing death certificate and other property document of your father.