after bankruptcy mortgage lenders
Thursday, May 27th, 2010
I inherited my father’s house and mortgage after he passed away. I tried to assume the loan in my name?
without success, now the home is in foreclosure proceedings, and the lender will not talk to me regarding the account, because my name is not on the loan. I cannot get them to speak with me about a loan modification to stop foreclosure. I cannot refinance because the loan is in default, and I cannot file bankruptcy to stop foreclosure because the loan is not listed in my name and is not reported on my credit profile. I have the deed proving I am the owner of the property (which I have sent to the lender multiple times) but I am out of options, and am about to lose my house with no way to stop it. Any Advice??? P.S. Have talked to many attorneys, but cannot get any help.
The attorney that transferred the house into your name
should be hired to settle this for you. Or he should be able to explain
it to you.
If your dad had a mortgage on the house, see if you can make the back payments
and assume his loan. That would probably be cheaper for them than a short
sale or repossession. But you probably cannot handle it yourself.
