---

what should I do

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
commander1of2 Joined: 20 Sep 2011 Posts: 1 1.00 Dollars($)	Posted: Wed Sep 21, 2011 12:08 am    Post subject: what should I do Like 0 Dislike 0 my twin brother passed away sept 7th 2011 I have right to survivorship, however he owes pass payments he tried everything to catch up and the banks would not help him. chase has not foreclosed on the house yet and i have not let them know what is happened. will they have to renegoiate with me. purchased price for the house was 138,000 now assed at 58,500 what should i do.
sara Moderator Joined: 05 Jul 2006 Posts: 2699 Location: New Brunswick, New Jersey 497.27 Dollars($)	Posted: Wed Sep 21, 2011 1:07 am    Post subject: Like 0 Dislike 0 Hi commander, You can renegotiate with the lender so that he is convinced about the present situation and let you refinance or assume the loan. If you want to save the property, then you should negotiate with the lender so that he lets you assume the loan. If you don't want to save the property, then you can surrender it to the lender and he can foreclose the property. However, if your name is mentioned on the mortgage docs, then the foreclosure will have a negative affect on your credit report and lower your scores by 250 points. Take care _________________ Find me at FB: http://www.facebook.com/people/Sara-Jones/100002976822020
commander Guest	Posted: Wed Sep 21, 2011 1:15 am    Post subject: what to do Like 0 Dislike 0 thank you
sara Moderator Joined: 05 Jul 2006 Posts: 2699 Location: New Brunswick, New Jersey 497.27 Dollars($)	Posted: Wed Sep 21, 2011 9:00 pm    Post subject: Like 0 Dislike 0 You're welcome!!

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