Wrong Way to Take Over Existing Loan

Robert Bruss writes in his “Your Mortgage” column (“When Non-Assumable Loan Is Assumable,” Dec. 24) that “ . . . there are at least six legal ways to avoid having the lender call that loan.” It is Bruss’ fifth tactic that concerns me.

The transfer of title to a trust cannot be grounds for a lender to call a loan. But I strongly object when Bruss writes, “Some home buyers then have the new buyer named as the trust beneficiary, but they ‘forget’ (emphasis his), to send a copy of the beneficiary change to the lender, thereby taking over the existing loan.”

This is illegal on its face.

STUART SAFFER

Laguna Beach