Posted on: 02nd Oct, 2012 01:27 pm
Hi Everyone! Hope you can help...
I was awarded house in May of 2012 from my divorce. My Ex, a third party and I are on the Mortgage. Third party is the only one on Note. it seems that the third party has put the house into a BK. The lender has the account solely in third party's name and won't give me any information to try to save the house or even inquire about keys for cash program since I am the only one who can legally give property back to them.... unless they forclose of course.
Does anyone know if i have a legal right to information about the Mortgage and how much is needed to cure default or options to essentially sell deed back to them? I've been trying for 2 years to do this and I am getting no where very slowly. :)
TIA
I was awarded house in May of 2012 from my divorce. My Ex, a third party and I are on the Mortgage. Third party is the only one on Note. it seems that the third party has put the house into a BK. The lender has the account solely in third party's name and won't give me any information to try to save the house or even inquire about keys for cash program since I am the only one who can legally give property back to them.... unless they forclose of course.
Does anyone know if i have a legal right to information about the Mortgage and how much is needed to cure default or options to essentially sell deed back to them? I've been trying for 2 years to do this and I am getting no where very slowly. :)
TIA
Hi staceysheary,
Unless your name is mentioned on the mortgage docs, the lender is not obligated to give you any information. Nevertheless, if you have hired a lawyer, then you can ask him to contact the lender and negotiate with him so that you get some information regarding the loan.
Thanks
Unless your name is mentioned on the mortgage docs, the lender is not obligated to give you any information. Nevertheless, if you have hired a lawyer, then you can ask him to contact the lender and negotiate with him so that you get some information regarding the loan.
Thanks
my name is on the mortgage & deed, not the note. in fact I am the only one legally able to do a cash for keys or deed in liu... but they refuse to talk to me
Hi Guest!
Welcome to the forums!
Unless your name is mentioned on the mortgage note as one of the borrowers of the loan, you won't be liable for the loan payments. Thus, the lender won't speak to you about the loan.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
Unless your name is mentioned on the mortgage note as one of the borrowers of the loan, you won't be liable for the loan payments. Thus, the lender won't speak to you about the loan.
Feel free to ask if you've further queries.
Sussane
No offense, but you'd probably be the first one to complain if the lender spoke about and/or discussed YOUR credit with a third party. It's called "privacy" and is the law.
If the homeowener is the Grantor of property, does he have the power to remove the Grantee (lender)., and if so, what are his options.
Curious
Curious
When issues like these of interfering with the legal concerns related to the property come up, a lawyer should be hired so that the matter can be looked into as soon as possible before taking of any step against us.