The 2016 Amendments generally define a successor in interest as
someone who has acquired an ownership interest as a result of a transfer:
On the death of a joint tenant or tenant by the entirety,
On the death of a relative,
When the spouse or children of the borrower become an owner,
Resulting from a divorce or legal separation, or
Through an inter-vivos trust in which the borrower is and remains
a beneficiary and retains occupancy rights.
A person does not have to assume or otherwise be liable for the loan in
order to be confirmed as a successor.
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Who Are Successors?
