Legal Question in Wills and Trusts in Illinois
hello, i bought my house from my mothers estate, i was the administrator, can the loan and abstract company use an adminstrators deed as a refinance loan. I was told that the house had to be in my name first. what type of lawyer would i need to check into this? thanks
1 Answer from Attorneys
An attorney experienced in real estate or probate will advise you to obtain title to the property which is accomplished by a personal representative or executor's deed transferring the property from your mother's estate to you. Such transfer must be approved by the probate court, if the estate was administered in probate. A lender will insist on a deed in your name and a title insurance policy which will assure good title to the property. It is not usually a long or complicated process. If you bought the house from your mother's estate, the house should already be in your name.
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