Legal Question in Wills and Trusts in California

Does the trust have to tell lien holders that the house owner within a trust, not in that house owner name has died, as the liens amount to more than the amount the house is worth, and I recommend the trustees rent the house out for as long as possible.


Asked on 8/11/15, 9:30 pm

1 Answer from Attorneys
Len Tillem Tillem McNichol & Brown

The answer is no, unless there's a reverse mortgage on the property - if there is a reverse mortgage, the loan is due and payable upon death, and the property must either be sold or refinanced within six months.

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Answered on 8/12/15, 10:05 am


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