Wednesday, May 11, 2016

My daughter has a USDA mortgage on her home that she got a year ago?


If I re-deed my house to her (to avoid probate if I die) could the USDA rescind her loan because she now owns, debt free, another property. I would remain living in the property and she would never live there and not take over the property until I die. I want to make sure that if she owned my home that it would not affect her current mortgage.

Read more: My daughter has a USDA mortgage on her home that she got a year ago?