Posted on: 17th Apr, 2009 02:07 pm
Hello,
My house in Southern California has been foreclosed due to divorce in October 2007, this affected my credit history very bad. I am building it up. I have a stable job. I am currently renting, I would like to buy a house, but no lender is coming forward to give me a loan, if I cannot buy during this time I cannot affort to buy when the home values raises. I have a friend who is willing to bear the loan on their name, how is it possible, legally clear.
Thank you
My house in Southern California has been foreclosed due to divorce in October 2007, this affected my credit history very bad. I am building it up. I have a stable job. I am currently renting, I would like to buy a house, but no lender is coming forward to give me a loan, if I cannot buy during this time I cannot affort to buy when the home values raises. I have a friend who is willing to bear the loan on their name, how is it possible, legally clear.
Thank you
This could be really complicated when it comes to mortgage payemnts and tax deductions.
You both will need to be really transparent with yoru income and changes in your life.
I would suggest you to have have an agreemtn between the two of you before any one sign on anything.
You both will need to be really transparent with yoru income and changes in your life.
I would suggest you to have have an agreemtn between the two of you before any one sign on anything.