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Is it risky to be added as an authorized user on a delinquent act
I'm trying to acquire a property after I saw the owners moving, and they said they're letting the bank have it back. I call the bank's loss mitigation department and they said to get any info or begin the negotiations, I need to be added as an authorized user. I am concerned about being black listed from purchasing it in the future or being tied to/obligated to the mortgage of a delinquent account. Can some one shed some light on this process? Or has anyone successfully purchased a property this way?