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Can you get a Home Equity Loan on a home held in trust?

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Wiki User
2007-09-26 22:38:17

The trust (and trustees) might be able to get such a loan,

provided the terms of the trust are examined by the bank and found

to permit the bank to foreclose (take possession) of the home in

case of default. Some lawyers insert restrictions on the type of

risks that can be taken with property held in trust for others.

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