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If you assume the mortgage on a house is it possible for the previous owners to take back the house?

We recently assumed the mortage on my grandmothers house in October and have been paying everything since, but now my aunt who is executor of the estate is saying she thinks she made a mistake. Please note, we legally assumed the mortgage through the mortgage company. Should we worry about my aunt?

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This entry was posted on Thursday, May 7th, 2009 at 7:48 pm and is filed under Mortgage Questions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “If you assume the mortgage on a house is it possible for the previous owners to take back the house?”

  1. fire4511 Says:
    June 3rd, 2009 at 8:07 pm

    Did you also receive title to the house at the same time. If you did, you own the hose and your aunt can do nothing about that. If not, what you did was accept responsibility for the payments, but did not acquire ownership. You may want to consult a lawyer.

  2. innovativeinvest@sbcglobal.net Says:
    November 28th, 2009 at 8:11 pm

    If you assumed the mortgage on the house legally and the deed is in your name.Then the house is yours and your aunt can not do anything.

    Maria

  3. The MortgageGuy Says:
    November 28th, 2009 at 8:22 pm

    If your name is on the Deed she will have a hard time getting back. However, in some states an assumed mortgage can be reclaimed ,it would be best to contact an attorney in your state.

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