Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Jasmine Washington
  • Daphne, AL
3
Votes |
11
Posts

Lender Not Accepting Payment- Foreclosure Looming

Jasmine Washington
  • Daphne, AL
Posted

Working with a seller who has a property he has inherited from his mother. He is on the deed, but not on the loan. He has been paying the mortgage, maybe partially, and it has been transferred multiple times, currently sitting with MidLand mortgage. 

He has tried to reach out to them multiple times, we have tried to reach out to them with him and the title agent, but they are refusing to talk to him because is not on the loan, and not giving any info to the title company either.

How can we navigate this quickly and put a stop to the foreclosure process so we can figure out how to get this worked out?

Edit:

This property is in Alabama

Most Popular Reply

User Stats

3,182
Posts
2,692
Votes
Matt Devincenzo
  • Investor
  • Clairemont, CA
2,692
Votes |
3,182
Posts
Matt Devincenzo
  • Investor
  • Clairemont, CA
Replied

Assuming he is the executor of the estate there should be some ability for him to discuss things with the lender. He may need to provide the will, death certificate and/or documents from the court opening probate, but there is a way they can speak to the person who legally now represents the decedents estate. If you haven't already you may need to simply get in contact with a good local estate attorney who knows the relevant law/statute/case to quote or the specific person to ask for in order to get them to recognize your seller as someone who can discuss the account. 

Loading replies...