[WSBAPT] Inherited mortgage

[Lisa E Schuchman]

Sister (S) and brother (B), both adults, inherited a house from their mother on her death.  We're getting ready to close the probate and transfer title to them.  They understand that they can keep the existing mortgage without additional need to qualify.  But if B later gifts his share of the house to S, can B disentangle himself from the mortgage obligation and leave S fully liable?  I know that Garn-St. Germain wouldn't apply to that transfer, but since S is already in the place of the mortgagor can B get out of it?  Does anyone have a better suggestion?

Thanks.

Lisa E. Schuchman
206-960-4212
www.lisaschuchman.com<http://www.lisaschuchman.com/>

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