Loan Modification Agreement
I know a couple who have left the property vacant even though they created a MOD agreement, the couple divorced, property is in wifes name, husband only on deed, can we make an provide on this residence or is the bank nonetheless waiting for some factor, coujple says that they are behind virtually $ 30k and not working so they dont have any funds, if i offer you her an incentive can she transfer papers to me????
Answer by somebody
No she can’t transfer papers to you. You require her to call the lender and get permission to brief sale the house to you. Mean even though you require to secure a mortgage of your own
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If the husband’s name is on the deed then he would have to agree with the sale. Also, if the owners are past due on their mortgage payments, then you are looking at a short sale, which will require the bank’s approval.
realtor.sailor
If the husbands name is on the deed… Then the husband owns the home.
It does not sound like the house is for sale, you can’t buy it if they are not selling.
She can’t legally transfer anything to you.