Posted on: 18th Jul, 2010 10:57 am
Should I give house to family because I don't want to lose it to foreclosure, and continue making pymts?
Hi Guest,
Transferring property just before the foreclosure can be considered as fraudulent by the lender. I would suggest you to contact your lender and inform him about your financial hardship. He may offer you a loan modification once he comes to know about your hardship and it may help you in saving your property.
Transferring property just before the foreclosure can be considered as fraudulent by the lender. I would suggest you to contact your lender and inform him about your financial hardship. He may offer you a loan modification once he comes to know about your hardship and it may help you in saving your property.