Posted on: 17th Oct, 2008 12:27 pm
my husband had got a loan, that I had nothing to do with, he passed away in 2006 I continued to pay the mortgage but everytime i called i was constantly told that they could not discuss the loan with me because i was not on the loan, for two years i was told that , then when I expired all my savings and informed the mortgage co. I tried to qualify for hardship I was told that I could not because I was not a customer the next week I was sent papers informing me that I can be a customer of the loan. that for two years was told I had nothing to do with How can they do this
Some states have a community property law, but again if you weren't on the loan, you couldn't just take the loan over unless it was assumable and you qualified for the payment the way it was.
These days, it's better for a mortgage company to sell the home to the person already living in it than try to short sale it. They are probably trying assume the loan to you. Depending on estate is written, they might have to give you first dibbs on the property.
I would contact the lender and see if they have a local office you could meet a loan officer in and go from there. Maybe bring someone with you that knows alot about mortgage terms that can help you read through any agreement they present to you.
These days, it's better for a mortgage company to sell the home to the person already living in it than try to short sale it. They are probably trying assume the loan to you. Depending on estate is written, they might have to give you first dibbs on the property.
I would contact the lender and see if they have a local office you could meet a loan officer in and go from there. Maybe bring someone with you that knows alot about mortgage terms that can help you read through any agreement they present to you.