How do I go about getting my grandmother’s house turned into my name?
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How do I go about getting my grandmother’s house turned into my name?
Her estate is in probate. I have been living in the home since 2 months before she passed away. She did have a reverse mortgage loan on the property but my uncle, who is executor, is saying that he is going to sell the home. Where do I stand?
Asked on October 25, 2013 under Estate Planning, Iowa
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You need to check with your state to determine if her reverse mortgage is turning the home over to the mortgage company automatically or if there is an acceleration clause on the mortgagge. If so, see if you qualify to purchase the home and have the transaction go through the estate.
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