Posted by Jimmy on July 23, 2005 at 07:48:29:
You DON’T just take over ownership.
The property is titled in your grandmother’s name. She is dead. She cannot sign over the deed. Her executor can. If this estate is in probate, talk to the executor. If not, talk to an attorney. You may have a summary procedure in TN whereby the heirs (your mom and her sibs) can take title by filing an affidavit or some similar procedure. But they may have to probate the property. All states are different, and I do not practice in TN.
The delinquency situation is critical. Someone needs to step in right away and get the loan current. Otherwise, forclosure is right around the corner.
and before you blame the lender, take a look at the circumstances when the loan was made. You might come to the comclusion that the lender acted appropriately, based on the facts prevailing at the time.
But refinancing this loan is a must. and you cannot do it, because you do not have title. See above