Posted on: 19th Jul, 2010 12:24 am
My father passed away last year and left his house to me in his will. The problem is there is still a mortgage of $15000 owed on it, and my credit is bad, I lost a home two yrs ago, how can I get the mortgage in my name without it costing a lot of money. The mortgage company wanted $500. to do a loan and credit check on me, and I don't want to lose the house we have been making monthly payments for over a year on the house and we are living in it.
I am not sure of my credit score,but is very low probably in the 300or400 range. We are barely making ends meet.we were advised by an attorney that if we filed bankruptcy that the courts could sell the house to pay bad debt.