Posted on: 27th Apr, 2009 01:07 am
I have a 565 score. I dont have anything exept for my home loan on my credit. I had an intrest only loan due in augt. I thought it was a 30 fix. My wife delt with all the finances. She is nolonger around. My loan came due in aug. and now there forclosen on me because I cant get a loan.
My home is worth more than I owe. What can I do. I have a daughter that has great credit. Can someone please help there has to be something I can do. the bank will not exept my moeny anymore.
My home is worth more than I owe. What can I do. I have a daughter that has great credit. Can someone please help there has to be something I can do. the bank will not exept my moeny anymore.
hi jayjaejae
as the mortgage is past due, i don't think the lender will let your daughter refinance the mortgage in her name. you should apply for a loan modification immediately. this will help you in saving the property. the lender will give you a new payment plan in order to pay off the debts.
thanks.
as the mortgage is past due, i don't think the lender will let your daughter refinance the mortgage in her name. you should apply for a loan modification immediately. this will help you in saving the property. the lender will give you a new payment plan in order to pay off the debts.
thanks.
If the lender is reporting this as a foreclosure on your credit, your only option would be the modification. If only reporting a couple of lates, and your explanation is accepted, it may work. I hope this helps...
