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Irrevocable Trust

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    Irrevocable Trust

    General question:

    Can a personal residence with a mortgage be transferred to a living trust and be held in the name of the trust?

    thanks

    #2
    Revocable Trust

    If their is nothing in the mortgage documents that prohibit it and if the mortgagor agrees I would certainly think it could be done.........Whether it is in the grantor's best interest depends upon all the relevant facts.
    Last edited by jimmcg; 07-29-2007, 07:57 PM.

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