Can you refinance a property in probate?

Can you refinance a property in probate?

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Min Austria
Assistant at Ascent Law LLC

Yes, you can refinance a property during probate, which is the legal term for the process when the will is being read and carried out. The property can be refinanced in its current state, during probate.

Your home may be subject to probate if you don't have a will or if your will doesn't state how your home should be distributed. During probate, your property gets frozen, making any changes to the property—such as selling your house—very difficult.

One way of managing this legally tricky situation is to refinance your home while it's in probate and transfer the loan into the name of someone else—usually the executor of the estate. This process could get you out of under an existing loan and place you in a new loan that has lower interest rates and more flexible terms than your current one.

If you have any questions or need a Real Estate Lawyer, please call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

Utah Lawyer for Divorce Business Bankruptcy Probate Estates
Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
https://www.ascentlawfirm.com

Location: Salem, UT, USA

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