Posts Tagged ‘ mortgage payment ’

I need to ask for some advice about a mortgage problem my aunt is having. First of all, she is disabled and living on a fixed income. She and her mother (my grandmother) own a house in Los Angeles, CA. My grandmother died 2 years ago. Both names were on the title, and it was assumed that the title would simply transfer to my aunt, without having to file any paperwork. We have recently learned that assumption was incorrect and that she should have filed the paperwork for Prop 58 in order for taxes to not be reassessed. Taxes were reassessed to current market value (actually, it is a bit higher, since it was reassessed for the time period when prices were at it’s highest!)