Posted on: 31st Jan, 2011 11:11 am
son and g/f bought a house almost two years ago. Last Feb. she decided to end the relationship. At the time, her name was on the deed and mortgage. She agreed to sign a quit claim over to son, after he paid her 1500 dollars, with the understanding he would refi and remove her name from mortgage by the end of 2010. He lost his job before being able to refi and both of their credit is being damaged because he is now unable to keep the mortgage current. She tells him she Can and Will make him sell the property. What are HIS rights? She says he will have 90 days before short sale.
I believe I already answered this question elsewhere.
In most cases, borrowers should be able to complete the loan modification process by themselves.Most think people try to work on a loan modification further antagonize and potentially more withdrawn financially.It is also important to note that the drive to stop foreclosure proceedings to continue.
If there's still a way that he can manage to pursue refinancing then better. However, if there' no way at all, selling would be the best last option. But it might be best to consult it from credible mortgage broker or home loan experts.
Blatant gibberish contained herein - what is all of the foregoing supposed to mean?
Talk about being antagonized!
And, of course, credible mortgage brokers and loan experts are in the proverbial eye of the beholder.
Sabrina, you brought much fear into me....you look alarmingly like Sarah Palin! And I suspect that if we were to ask her, she'd tell us that she can see Australia from her balcony at home, just like she can see Russia so clearly.
Can you feel me shuddering?
Talk about being antagonized!
And, of course, credible mortgage brokers and loan experts are in the proverbial eye of the beholder.
Sabrina, you brought much fear into me....you look alarmingly like Sarah Palin! And I suspect that if we were to ask her, she'd tell us that she can see Australia from her balcony at home, just like she can see Russia so clearly.
Can you feel me shuddering?
According to National Mortgage Complaint Middle, in the increasing number of mortgage fraud cases in recent years. Mortgage companies have been using false documents to permit them signed by the borrower.