Posted on: 20th Sep, 2010 07:13 pm
my exhusband and i owned property that he quitclaim deeded to me with an incorrect address listed on the document but this was never noticed until recently. my parents and i then built a home on the property with the orignal mortgage signed by each of us. the mortgage was then re-assigned to another company and at some time my parents signed a note. the mortage company claims that i am not eligible for the home modification program because i am not on the note. i am on the mortgage, the deed and listed as administrator of their will with sole rights of survivorship. i was also able to obtain a second mortgage on the home. where does this leave me legally as far as ownership and the responsibility to repay, re-finance or assume the mortgage. the home is now in foreclosure because i missed several payments due to a loss in income. the current mortgage company would not speak to me for several months regarding the loan. i am now acknowledged as a third party but they refuse to consider me for re-modiciation. please help
Welcome bwillard,
As you're delinquent on your mortgage payments, you should qualify for a loan modification. Did the lender give you any reason as to why he won't qualify you for a modification? If not, then you should try and re-negotiate with the lender for the same.
As you're delinquent on your mortgage payments, you should qualify for a loan modification. Did the lender give you any reason as to why he won't qualify you for a modification? If not, then you should try and re-negotiate with the lender for the same.
Hi bwillard0456,
Welcome to mortgagefit,
If your lender is not willing to negotiate with then to whom they are willing to speak about the modification? According to them who is the second party? I assume that they are referring it to your ex-husband.
So clearly ask the lender to whom they wish to deal in this regard.and if you get the name of the person to whom they wish to speak, just contact the person and get a power of attorney from him for this particular property and you will be through with your mortgage modification process.
Feel free to ask any further query if you have.
DIPA
Welcome to mortgagefit,
If your lender is not willing to negotiate with then to whom they are willing to speak about the modification? According to them who is the second party? I assume that they are referring it to your ex-husband.
So clearly ask the lender to whom they wish to deal in this regard.and if you get the name of the person to whom they wish to speak, just contact the person and get a power of attorney from him for this particular property and you will be through with your mortgage modification process.
Feel free to ask any further query if you have.
DIPA