Skip to main content

Homeowner died intestate and may need mortgage forbearance

Hi- hoping for some advice on if this is possible. Trying to condense as best I can.

Homeowner (my sibling) died without a will and has two minor children and was divorced. He paid for all the housing and bills, this is a two family house that also houses our parent in the separate apartment.

As a result, my family including his ex wanted me to be administrator as historically spouse and I are financially stable and more well versed to deal with lawyers and estate complexities.

Unfortunately we’ve had a TERRIBLE lawyer, this case has dragged on for YEARS, and my younger nephew turned 18 last month. I was appointed guardian of property last year, but court still appointed guardian ad litem by the court, 2 months before his birthday.

The main issue is the mortgage company will not give any info to us, so we have spent years just trying to guess the payments based on bills, and with some in person begging for info, educated guesses, etc. Social security survivor benefits have ended for my nephew or will end in 1-2 months when he graduates.

I need a little more time because we do think this case will wrap up within the next couple months (we’ll see). Could we ask for a forbearance in this case? How could we do it for the mortgage company refuses to work with us because we don’t have any official letters from the court?

Thanks for reading

submitted by /u/Expecting_Foodie
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1klh66y/homeowner_died_intestate_and_may_need_mortgage/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more