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Posted by Cindi on August 26, 2002 at 01:05:51:
I posted earlier about the lease/purchase that is in foreclosure. I have another question. My mortgage officer told me that I cannot get a loan for this house until I get the title and that I won't get the title until I give the sheriffs office the money. Is that true or is there a way around it? I must tell you that we are stated income as my husband has his own business. He said to buy it back from the mortgage company after the sale saying that 95% of homes are bought back by the mortgage co. If I do that, will they want fair market value or just what they have in it? Is there a way to get around all this before the sale?
