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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Hi chicha,
You can get a loan modification if you are facing financial crisis in paying off the mortgage but it won't help you in removing a co-signer's name from the mortgage docs. In order to remove her name as a cosigner of the loan, you will have to refinance the mortgage. If you are unable to refinance the loan in your name prior to her death, you would still be liable for the loan as you're the primary owner of the mortgage.
_________________
Procrastination is the enemy of your financial sucess |
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Shell-RoK
Guest
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Post subject: Foreclosure |
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| Can they forclose while your home is in review for loan Modification? I have a sale date of 11/12/2009 and they told me that the only way to stop a foreclosure is to pay the $ and that a review doesn't put anything on hold. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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Hi Shell-RoK!
Welcome to forums!
If the lender agrees to review your home loan for loan modification purpose, then he will definitely stop the foreclosure procedure. If he is not ready to accept your request, then he won't stop the foreclosure procedure.
Feel free to ask if you've further queries.
Sussane |
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loriekelly
Joined: 22 Jun 2009
Posts: 6
3.79 Dollars($)
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Post subject: Petition to Require Banks to do Modifications |
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Banks are refusing to do loan modifications. Even the few they have started under the "trial" period, they are continuing to foreclose. We need clear regulation and oversight with specific recommendations. Please sign a petition that will help convince the government we need transparency, and we need to have a moratorium on foreclosures.
[Link deleted as per forum rules. Thanks.] |
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bkworry
Guest
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Post subject: Loan modification |
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| Can I file bankruptcy while I am in the modification program or do I have to wait until the loan modification has been approved? |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Post subject: |
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| Though your loan modification has not been approved, you can still file bankruptcy. Once you file bankruptcy, the creditors would stop all legal actions against you to recover their debts. |
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wondering
Guest
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Post subject: loan modification |
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| can my husband obtain a home mortgage loan modification without my signature if I am on the original loan and deed? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome Guest,
If your name is mentioned on the mortgage docs and property deed, then your husband would require your signatures to get a loan modification.
_________________
Procrastination is the enemy of your financial sucess |
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