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Updated about 1 year ago,
Assuming loan on inherited triples
I wish to assume the loan on a rental property I inherited. The trustee says the trust can't be closed because the loan is still under the name of the trust. The bank (wells fargo) is refusing to do this.
A retired attorney told me that the trust attorney could force the bank to let me assume the loan. I have searched the internet and cannot find any discussion of living trusts that cannot close because of this issue.
Any opinions? Thanks.