Re: Need info
Posted by Lo on November 24, 2003 at 18:56:42:
In Reply to: Re: Need info posted by David G. on November 20, 2003 at 19:36:22:
Stephanie, your sisiter doesn't have to allow anyone to take over her payments, and finding a company to refinance after your loan has been reported as foreclosure is very difficult, especially since the predatory lending laws have cracked down on lenders and the very high interest rates are ghostly now. There may be options available to assist your sister in saving her home without using investors or relinquishing the equity in the property. Be careful when someone mentions taking over the payments. if it's not another reputable mortgage company, stay clear. If you need help email me and after you explain the details I'll try to direct you to resources available to help your sister stop foreclosure while she retains ownership of both the mortgage and the property.
: The reinstatement amount is the amount that the bank needs to receive in order to bring her loan current.: It includes attorney fees if any.
: If this doesnt work, she will need to refinance or sell her home in order to stop foreclosure.
: I have helped many owners avoid foreclosure by taking over payments.
: David G.
- Re: Need info - Carolyn M. Elam 15:55:43 01/10/04
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