---

Purchase after Short Sale

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Jackie P Guest	Posted: Sat Jul 10, 2010 3:27 pm    Post subject: Purchase after Short Sale Like 0 Dislike 0 We are in the process of a short sale on our home. We are looking to purchase a house again right away with my brother in law who has excellent credit, income and job history. We also have plenty of income and job stability. The problem with us is the credit issue. The property will be occupied by all of us. My question is, will a lender allow my brother and law and us to purchase together? He as borrower and us as co-borrowers? Thanks for any input. PS..We are in California. Not sure if that makes a difference or not _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
dipaligopale Joined: 25 May 2010 Posts: 790 22.70 Dollars($)	Posted: Sat Jul 10, 2010 8:36 pm    Post subject: Like 0 Dislike 0 Hi Jackie P Welcome to mortgagefit Quote: will a lender allow my brother and law and us to purchase together? Co-borrower and Co-signer are two different terms.Co-borrower does have responsibility of paying the mortgage dues as well as share in the property whereas Co-Signer is only responsible for paying the mortgage and is not liable for equity stake in the property. Now if mortgage lender won't allow your brother in law to be a co-borrower then you can ask them (lender) to consider your brother in law as co-signer. keep in touch.......

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0