Home foreclosing by trustee
Question: I need help with home foreclosure by a trustee. Trustee wants to get either $25k or have the house sold. The house is in my mothers name and she has no job, her husband who was paying on the house died and she is not able to work due to her illness. I would like to buy the house, but my credit is bad. I have a good job and am working to get my debt down, but still have to take care of my kid as well. Is there anything I can do to get the house in my name or is there any type of creative financing which can be done?
Answer: How would it help to get the house in your name, so that then the trustee could foreclose on you? Can you come up with the $25k now? If so, pay it off if Mom will deed the house to you. If you can’t come up with the $25k what’s the use of getting it in your name?
Creative financing? Go ahead, create, with your bad credit your options are limited.
Related Posts
Filed under: Bad Credit Loan
Leave a Comment
XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>
TrackBack URL | RSS feed for comments on this post.