Using a mortgage to buy out an owner of a property in the trust when you are not already in the trust [California]

Using a mortgage to buy out an owner of a property in the trust when you are not already in the trust [California]

Hello! My mom and aunt inherited a house from my grandparents. The mortgage was paid off long ago. The house has been in a trust for some time. My aunt is interested in selling the house because they had a bad experience renting it out and she feels like the property has seen significant appreciation and she doesn’t know how much longer that will go on, but my mom feels like if they sold it then she [my mom] wouldn’t be able to park that cash anywhere that made more sense than just holding the property. I’m not trying to get into the weeds of what either of them think about that.

Are there mortgages that exist where my husband and I could get a loan that would allow us to “buy out” my aunt, and then be added to the trust with my mom? Is there some other arrangement that you have seen work for keeping a property in a family trust? We have considered buying the property outright or renting it from the trust, but I thought there might be other arrangements that could work for everybody as well. Thanks!



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