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AFFECTED BY FORCLOSURE

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Guest 0.10 Dollars($)	Posted: Sun Sep 14, 2008 7:57 pm    Post subject: AFFECTED BY FORCLOSURE MY MOM BOUGHT A HOUSE IN HAWAII ONLY ON HER NAME, BUT SHE HAS PARTNERS THAT SHE ADD ON THE TITLE, MY MOM IS FACING FORCLOSURE ARE PARTNERS WHO'S ON THE TITLE WILL BE AFFECTED BY FORCLOSURE?
adonis Joined: 22 Oct 2005 Posts: 1446 Location: ALASKA 137.08 Dollars($)	Posted: Sun Sep 14, 2008 9:50 pm    Post subject: Welcome Guest, I suppose if the partners are not on the loan, it shouldn't affect them. However, they won't be able to retain the house if the lender is willing to foreclose. _________________ Procrastination is the enemy of your financial sucess
lisascherzer Joined: 04 Jan 2008 Posts: 755 1.03 Dollars($)	Posted: Mon Sep 15, 2008 11:15 pm    Post subject: Even if they are not on the mortgage, a public record will show on the partners credit because when the lender does file, they do notify all parties on title. I would have her call the lender and see if they can do a loan modication or to see what options are available to her to get this worked out before this goes much further. _________________ Lisa Scherzer Allpointe Mortgage Expert Mortgage Broker 440-521-7060 Free Mortgage Quotes Get Mortgage Information Search Real Estate Agents Here

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