Posted on: 15th Nov, 2010 04:04 pm
A family member's house was sold in California to a buyer with a bad history, and the family remained in the house renting. 2 years later they learned that the old loan was still in the family members name.
Hi multifrogmedia!
Welcome to forums!
The new owner of the property must not have refinanced the mortgage in his or her name. This can be a reason as to why the loan still remained in the name of your family member.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The new owner of the property must not have refinanced the mortgage in his or her name. This can be a reason as to why the loan still remained in the name of your family member.
Feel free to ask if you've further queries.
Sussane