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| 5 Quick Messages | |||||
 Steve |
My Dad quick deeded his home not yet paid for over to me. It was in the event he were to pass I would keep making the payments and the home would be mine at the end of the loan. As it truns out he is still responsible for it to the lender and the houseing market went down. we were going to refinace it in my name and now we cant . He is willing to just let it go back to the bank and I have no problwm with that as I can go out and find bigger and better homes . So do I need to quick claim it back to him or is it null and void after the bank takes it for non payment? | ||||
milmartinez |
The only papers I signed was the mortgage. Everything else from the closing, she signed. The Closer stated I needed to sign that document because as a primary residence it needed to be signed by both of us even though I wasn't on the deed. It just didn't sound right. My wife | ||||
Mary |
Thanks,I called the Lender and I contacted my Realtor we are doing a short Sale on the house.The lender is being greedy not wanting to work with me.So, if the house does not sell within 50 days the lender said it will be Auctioned out.Oh well so be it! I and my fiance will eventually buy another house with his VA. Even if I can't place my name on it, I will at least be the beneficiary and I have power of attorney.The government bails out the big lenders but are not bailing the little guys like me. I got into this horrible loan not knowing enough my own fault! Ignorance is no excuse. Now I will educate myself so much that I know I will be able to use the system to my advantage.I will use the same law the lender is using on me at this time. The statues of limitations runs out in 4 years, and besides I am informed that FHA will allow me to buy a house within 1 yr of a foreclosure.I will repair my credit and if for some reason the lender wants to play rough with me than so be it.I will file bankruptsy! I am not working so let it be written. | ||||
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Hi James,Ok the situation is...my parents are planning to add us on the title of one of the house which me and my husband is already living on it. We've been paying the mortage of the house for 6 months now. Theres a balance of $193k on the mortgage but the house worth more than what my parents owed... we were gonna do the quitclaim on the house but the lender said its better off to do assumed mortgage because we will be automatically added on the title...the reason why im avoiding refinancing because my parents has a fixed rate on the house...but i dont know really what to do...my parents are planning to file bancruptcy but not anytime soon...im just worried what would happen? are we gonna be appected...please need some advice | ||||
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hi james, not often that i see my name! it is a fun one! | ||||
