---

any suggestions?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
klowe410 Joined: 30 Jul 2010 Posts: 2 1.70 Dollars($)	Posted: Tue Jan 11, 2011 7:28 pm    Post subject: any suggestions? Like 0 Dislike 0 We live in michigan and the owner of the home is deceased however she had a mortgage in her name only, but her son is on the deed with rights of survivorship her son was ill advised and went and deeded her off the property thinking Chase would just put him on the mortgage since he was the only name on the title, after finding out after several months and phone calls to chase he would have to do a assumption which he didnt qualify for (conventional) which were the current terms so the loan officer at chase suggested walking away since he was not financaialy tied to the home is that true? He is not on the mortgage note only the deed! The house went to sherrif sale oct 2010 how long til eviction? 6 month redemption period in michigan after the 6 months is there any other eviction processes?
sara Moderator Joined: 05 Jul 2006 Posts: 2699 Location: New Brunswick, New Jersey 497.27 Dollars($)	Posted: Wed Jan 12, 2011 3:20 am    Post subject: Like 0 Dislike 0 Hi klowe, As the son's name is not mentioned on mortgage docs, he is not personally liable for the mortgage payments. In such a situation, the son can walkaway from the property. If the property has been already foreclosed, then the lender will send an eviction notice to the son mentioning the date to move out of the property. Take care. _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020

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