Can a mortgage company require me to reopen probate to assume a loan? | NC

About this video

Q: Can a mortgage company require me to reopen probate just to transfer or assume the loan and title? A: Sometimes, but not always. A mortgage company can require solid proof of two things before it updates the loan or processes an assumption—who owns the home now, and who has legal authority to sign and act. If the estate is already closed and the personal representative has been discharged,…