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Conv refi of inherited property. Will probabed with husband as executer of estate

My husband inherited and property that we are both living in and making payments for over 1 year. Husband is on dads bank account and puts money in bank account for automatic payments going to mortgage. Never late. Do we need to title the property in his name to be legally owners of the property. The nank has documentation such as will, deat certificate and Will probate?
  • July 11 2012 - Plano
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Answers (3)

Short and sweet of it yes you do need to be on the title to the property in order to refi it. Title companies will wait until probate is settled to make sure no other parties have claim to the property. Best of luck.
  • August 23 2012
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legal ownership will not take place until the county officially changes ownershp into your names.  although the lender has the death certificate and will, the lender keeps this information for authorized access only to the loan.  check with a real estate attorney to help you convey the title correctly into your names.  the other disadvantage is that all payments being made do not reflect on your credit reports.  until you formally refinance and obtain a loan under your names, you receive no credit benefits and history of payments. 

you should also check with your tax advisor as the complications of claiming the property until the official change takes place. 
  • July 11 2012
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Profile picture for amandathomas
Hi Patricia,
It is my understanding that you would need to be on the Title to reflect ownership. I can assist you with a referral to several area title companies who could help you with this process, as well as provide closing services for your refi transaction. Message me through my profile if you would like this info.
  • July 11 2012
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