Welcome Guest. Sign in or Signup

2 Answers

What don't homeowners stop foreclosure with irrevocable trust fund?

Asked by: admin 19 views , , ,

Is it possible to transfer the title to a if you are in threat of ? I don’t own a home, just wonder if it’s an for people who have lost their and are therefore losing their homes to ? Thanks.

Related posts

2 Answers



  1. Laura KC on Jul 27, 2010

    First, you can’t transfer title to the house while you have a loan against it as that would allow the bank to demand immediate payoff in full. And then you’ve just accelerated the foreclosure process. Second, even if the house were held in a trust, that would not impact the bank’s right to foreclose. All that would happen is that any money left after the house is sold and the loan is satisfied would go into the trust.



  2. Dark Dragon on Jul 27, 2010

    In a title theory state, No, you don’t own the title until you pay off the mortgage.

    In a lien theory state, Yes, you can, but it does nothing. The mortgage (and thereby the note) follow the property regardless of the owner. Transferring the property does not remove the mortgage from the property. Therefore the mortgage can still be foreclosed on the property.


Answer Question