A Reverse Mortgage Trust Attorney is necessary to close loans for borrowers that take title to their homes in a revocable living trust. Most banks, underwriters and title companies allow a home to be titled under a revocable living trust when processing a reverse mortgage; however the trust must be compliant with the relevant HUD statutes.

It is important to have a state licensed attorney review the revocable living trust and give a written opinion to the lender as to the legality of the trust. This is to insure that the rights of the lender are not in any way diminished as a creditor by virtue of the trust holding title to the property.

The Law Offices of Matthew C. Mullhofer can help your mortgage company process reverse mortgage loan applications when the borrower's home is in a trust. We provide same day trust review and written attorney opinion letters. If a trust is not HUD compliant, our professional staff can amend the trust so that the loan can be processed without delay.

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