Posted on: 24th May, 2010 03:52 pm
My mother past away in 2008, she had a Quick claim deed on the house over to me, in her Will also. I've been working with the Loan Modification department since December to possibly lower the monthly payments. Today I was informed that I would have to Assume the loan, in which they are sending paperwork out, what I need to know is it worth it. She and I had purchased the home together in 1985, then she refianced it in 2004 with just her name on loan.
Hi jojodancer!
Welcome to forums!
As the loan is in your mother's name, you won't be able to modify it. You will have to assume the loan in your name first and then apply for a modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As the loan is in your mother's name, you won't be able to modify it. You will have to assume the loan in your name first and then apply for a modification.
Feel free to ask if you've further queries.
Sussane
Hi,
You have mentioned that the loan is in your mother's name and because of that the lender will not accept the loam modification from you. All you need to do is transfer the loan in your name first then apply for a loan modification.
If you have further queries feel free to ask.
You have mentioned that the loan is in your mother's name and because of that the lender will not accept the loam modification from you. All you need to do is transfer the loan in your name first then apply for a loan modification.
If you have further queries feel free to ask.