Posted on: 04th Oct, 2010 07:31 pm
we had bad credit. my fathers house was paid off, so he took out a home equity loan on it. he purchased our house with the money. our house is paid off, but my wife and i pay his home equity loan because that it what bought the house. we still can't get a mortgage on it with our credit, but we want to sell and move, or at least get out from under him.
how?
how?
Hi ghall!
Welcome to forums!
You can sell off the property and pay off the loan in order to get rid of the property and get out from under your father. You can list the property in the market to find out if you can get buyers for it.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can sell off the property and pay off the loan in order to get rid of the property and get out from under your father. You can list the property in the market to find out if you can get buyers for it.
Feel free to ask if you've further queries.
Sussane