If Your House Has A Mortgage On It, You STILL Own It.
Passing It On: Estate Planning for Families · Michael Pevney
October 14, 20231m 55s
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Show Notes
Free Estate Planning Strategy Session for California Residents www.ocestateplanlawyer.com houses with mortgages on them, are still owned by the people on the deed to the house. That means that the house can go inside of a living trust. The mortgage just tells us who owes money on the property. Yes, if you don't pay the mortgage, the bank can foreclose on the home. However, the fact that a home has a mortgage on it does not mean that the house cannot go inside of a trust. The large majority of homes that I, as an estate, plan, lawyer, put in trust for my clients, have mortgages on them. #Mortgage #EstatePlan #estateplanninglawyer #FillThatBucket #Pevney #California #OrangeCounty #MissionViejo #LagunaHills #LagunaNiguel #AlisoViejo, #LagunaBeach.